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How the Federal Reserve literally makes money

  • Written by William J. Luther, Assistant Professor of Economics, Florida Atlantic University
How the Federal Reserve literally makes moneyThe Fed is 'making' a lot of money. Alex Wong/Getty Images

The Federal Reserve has vowed to provide up to US$2.3 trillion in lending to support households, employers, financial markets and state and local governments struggling as a result of the coronavirus and corresponding stay-at-home orders.

Let that number sink in: $2,300,000,000,000.

I have...

Read more: How the Federal Reserve literally makes money

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