Economics
Fed to Launch Multitrillion Dollar Helicopter Credit Drop
- Stimulus bill paves the way for super-charged Fed financing
- Central bank balance sheet could double to $9-to-$10 trillion
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Call it Helicopter Credit.
The Federal Reserve is poised to spray trillions of dollars into the U.S. economy once a massive aid package to fight the coronavirus and its aftershocks is signed into law. These actions are unprecedented, going beyond anything it did during the 2008 financial crisis in a sign of the extraordinary challenge facing the nation.