Economics
Fed Already About Halfway Through Bond-Buying Announced Sunday
This article is for subscribers only.
The Federal Reserve is already about halfway done in a single week with at least $700 billion of bond purchases to provide emergency liquidity to financial markets, delivering a clear sign that it could blow past that marker.
The U.S. central bank bought $272 billion of government debt this week and another $68 billion of mortgage-backed securities, according to New York Fed data compiled by Bloomberg Intelligence and Bloomberg News.