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Federal Reserve’s Balance Sheet Hits Record High As Bank Buys More Bonds

The Federal Reserve’s balance sheet grew to another record size in the latest week as the central bank bought more bonds in an effort to support the economy, Fed data released on Thursday showed.The purchases were part of its $600 billion qu…

The Federal Reserve’s balance sheet grew to another record size in the latest week as the central bank bought more bonds in an effort to support the economy, Fed data released on Thursday showed.

The purchases were part of its $600 billion quantitative easing program, dubbed QE2, with the goal to stimulate investments and economic activity.

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