Mises Wire
Author:
Robert P. Murphy
Online Publish Date:
in March 2020. Size of the Fed’s Balance Sheet The most obvious change in Fed policy has been the dramatic expansion of its balance sheet since March 2020. Figure issued in the evening on Sunday, March 15, 2020, the Fed announced a host of new policies in light of the then emerging alarm over the coronavirus. In addition to bank practice since 2012, and then explained the new Fed policy by saying: The key innovations in our new consensus statement reflect the changes in the economy I