Episode 659: How To Make $3 Trillion Disappear
Janet Yellen, chair of the U.S. Federal Reserve, speaks during a news conference. Andrew Harrer/Bloomberg via Getty Images hide caption
Janet Yellen, chair of the U.S. Federal Reserve, speaks during a news conference.
Andrew Harrer/Bloomberg via Getty ImagesAfter the financial crisis, the Federal Reserve created $3 trillion dollars. The goal was to try and keep the economy from collapsing. Now, as the economy recovers, the Fed is trying to figure out the best way to make that money vanish.
The Fed can usually just change the numbers in their system. And poof! The money is gone. This time, they'll need a new trick. Today on the show, how the Fed plans to make trillions of dollars disappear.