In this week’s edition of “Three on Thursday,” we look at the Federal Reserve’s financials through year-end 2025. Back in 2008, the Federal Reserve (the “Fed”) embarked on a novel experiment in monetary policy by transitioning from a “scarce reserve” system to one characterized by “abundant reserves.” In addition to inflation, this experiment has resulted in some other developments that are worrisome. For deeper insights, click on the link below.
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