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Fed balance sheet tops $5 trillion for first time as it enters coronavirus war mode

FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington
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(Reuters) - The U.S. Federal Reserve's balance sheet soared past $5 trillion (4.1 trillion pounds) in assets for the first time this week as it scooped up bonds and extended loans to banks, mutual funds and other central banks in its unprecedented effort to backstop the economy in the face of the global coronavirus pandemic.The Fed's total balance sheet size exploded by more than half a trillion..
Date Published: Mar 26, 2020
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