When economists,policymakers,or journalists refer to the Fed's balance sheet,they are typically referring to the

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The Fed's balance sheet refers to the size of its assets, which includes securities held by the Fed such as Treasury bonds and mortgage-backed securities. The balance sheet also includes liabilities such as reserves held by banks at the Fed and currency in circulation. The size of the balance sheet can have implications for monetary policy and the economy as a whole.

When Economists,policymakers,or Journalists Refer to the Fed's Balance Sheet,they Are