If the expectations of market participants are correct, the Federal Reserve’s collection of bonds, cash and other holdings could reach $9 trillion by 2023, the Federal Reserve Bank of New York said in a report Monday.
That compares to the current level of the Fed’s balance sheet of $7.9 trillion and just over $4 trillion at the end of February of last year, before the coronavirus pandemic struck the U.S. and spurred a historically aggressive attempt by the central bank to help the economy and steady unsettled financial markets.
