21 Hrs
Source:
Sky News
Sky News
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The article discusses the size and independence of the U.S. Federal Reserve, noting that its balance sheet has reached $6.8 trillion, which is about one-third larger than that of the next largest bank. This raises questions about its effectiveness and impact on the economy. It also points out that the expanding role of the Fed has led to negative effects such as interference with fiscal policy, a slowdown in interbank lending markets, and increased investment risks. There are calls to restructure and reduce its balance sheet to achieve greater stability and flexibility in the markets.
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