Fed's balance sheet may hit record high by May 2020 - Charlie Bilello
|Federal Reserve's balance sheet may hit record highs above $4.516 trillion in May 2020 if the rapid pace of expansion witnessed over the last 3.5 months sustains, according to the popular investor and analyst Charlie Bilello.
The central bank has increased its balance sheet size by more than $330 billion since September.
At press time, the balance sheet stands near $4.10 trillion.
The Fed started buying Treasuries in September after the money markets went ballistic, sending overnight interest rates as high as 10%.
President Powell has reiterated multiple times that the ongoing purchases of treasuries is not a part of a quantitative easing program. Most experts, however, are of the opinion that the Fed has embarked on the round four of the QE program.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.