Fed’s Biggest-Ever Bond-Buying Binge Is Drawing to a Close
- Central bank’s final Treasury purchase scheduled for Wednesday
- Pandemic-era asset purchases by Fed total nearly $6 trillion
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The largest Federal Reserve bond-buying program is about to come to an end.
With the U.S. central bank having bought close to $6 trillion of Treasuries and mortgage bonds in the past two years after the onset of the Covid pandemic rattled markets, this Wednesday’s $4.025 billion operation looks set to be its last in Treasuries, with mortgage operations running through the end of the week.