Federal Reserve and federal government intervention efforts remain a critical subject. I have written extensively about many types of interventions, including Quantitative Easing (QE) and past economic stimulus programs. Posts discussing these intervention measures can generally be found in the “Interventions” category.
Various aspects and dynamics of the Federal Reserve’s balance sheet are of paramount importance.
For reference purposes, below is a long-term chart of the Total Assets on the Federal Reserve’s balance sheet. The value is $7.922883 Trillion as of the May 20, 2021 update, reflecting data through May 19, 2021:
source: Board of Governors of the Federal Reserve System (US), Assets: Total Assets: Total Assets (Less Eliminations from Consolidation): Wednesday Level [WALCL]; retrieved from FRED, Federal Reserve Bank of St. Louis; accessed May 25, 2021: https://fred.stlouisfed.org/series/WALCL
Here is this “Total Assets…” chart on a “Percent Change From Year Ago” basis, with a current value of 12.6%:
Here is this “Total Assets…” chart on a “Percent Change” basis, with a current value of 1.2%:
The Special Note summarizes my overall thoughts about our economic situation
SPX at 4197.51 as this post is written