File:Money Supply - M1 - Nov 08.png
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Summary
[edit]Description |
U.S. Money Supply(M1)2006-2008 |
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Source |
I created this work entirely by myself. |
Date |
December 21, 2008 |
Author | |
Permission (Reusing this file) |
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References
[edit]- Federal Reserve money supply data is available at: Fed H6 Release
- For Wikipedia's article see Money supply
- For Fed's overview see Fed explanation of money supply
During a January 2009 speech, Fed Chairman Ben Bernanke described the strategy of lending against various types of collateral as "Credit Easing" and explained the risks of inflation as follows: "Some observers have expressed the concern that, by expanding its balance sheet, the Federal Reserve is effectively printing money, an action that will ultimately be inflationary. The Fed's lending activities have indeed resulted in a large increase in the excess reserves held by banks. Bank reserves, together with currency, make up the narrowest definition of money, the monetary base; as you would expect, this measure of money has risen significantly as the Fed's balance sheet has expanded. However, banks are choosing to leave the great bulk of their excess reserves idle, in most cases on deposit with the Fed. Consequently, the rates of growth of broader monetary aggregates, such as M1 and M2, have been much lower than that of the monetary base. At this point, with global economic activity weak and commodity prices at low levels, we see little risk of inflation in the near term; indeed, we expect inflation to continue to moderate." See Bernanke Speech - January 13 2009
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current | 01:13, 22 December 2008 | ![]() | 960 × 720 (12 KB) | Neurolysis (talk | contribs) | optimised with optipng |
20:50, 21 December 2008 | ![]() | 960 × 720 (12 KB) | Farcaster (talk | contribs) | {{Information |Description= U.S. Money Supply(M1)2006-2008 |Source=I created this work entirely by myself. |Date=December 21, 2008 |Author=~~~~ |other_versions= }} |
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