U.S. Fed Injecting Billions Into Foreign Central Banks

U.S. Injecting Billions Into Foreign Central Banks

"The Fed program adds up to serious money. The most recent balance sheet released by the Fed shows that $314 billion U.S. dollars are currently doled out to foreign central banks under the foreign exchange program. That's down from a December peak of nearly $600 billion, as central banks have repaid some of the loans."