The outcome of excessive quantitative easing is hard to miss when reviewing the Federal Reserve’s consolidated financial statements.
As it turns out, Fed data shows the central bank held $532.8 billion in federal agency and government-sponsored mortgage backed securities by the end of 2012.
That figure is up 35% from $394.477 billion a year earlier.
Meanwhile, the Fed’s holdings of Treasury securities rose to $1 trillion in late 2012, up from $813.9 billion in late 2011.
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