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A comment on Hazard pay in focus as essential workers earn less than the jobless. Parent comment

Re:Hazard pay in focus as essential workers earn less than t... by mrep on Thursday July 02, 2020 @10:50AM (#23713810)
The FED has only bought around 3 trillion dollars worth of assets and basically all of that is being used to buy our own governments debt (the same debt used to fund the CARES act) and US mortgage backed securities, not the stock market as you can see from their balance sheet [0].

[0]: https://www.federalreserve.gov/releases/h41/current/h41.htm

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Re:Hazard pay in focus as essential workers earn less than t... by throwaway_USD on Thursday July 02, 2020 @11:43AM (#23714526)
The 2 largest numbers on their balance sheet are:

Reserve Bank credit: 7,009,664

Securities held outright[1]: 6,115,130

[1] Includes securities lent to dealers under the overnight securities lending facility (when people talk about JPow money printer go brrr...this is what they are talking about and nearly every night for 2 months after the FED got the $4T overnight the markets would skyrocket)

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