Federal Reserve’s Current Spending Spree
The Federal Reserve has been on a spending spree as of late. What are they buying you might wonder? U.S. Treasury bonds, and there is no sign of them letting up. They currently are spending $85 billion dollars a month in low interest rate Treasury bonds and mortgage backed securities. These bonds now make up about 94% of the Feds portfolio. In an effort to stimulate the economy and curtail the inflation that they created, the Fed has bought close to $4 trillion dollars’ wort