New York Federal Reserve Gave Wall Street Over $420 Billion in the Past 7 Months

"The Federal Reserve has quietly delivered nearly half a trillion dollars to Wall Street with few strings attached over the past few months through an obscure government financial program intended for banks struggling to make cash payments. These cash infusions could signal instability in the broader financial sector - and come as the central bank is besieged by potentially market-rattling turmoil following the Trump administration's launch of a criminal investigation into Federal Reserve Chair Jerome Powell."

"The infusions began with an $11 billion transfer on June 30. In October, the transfers became much more frequent, culminating in a massive $50 billion infusion on Halloween, as first reported by investigative news outlet . In total, after doling out little to no money since July 2020, the New York Federal Reserve has transferred more than $420 billion to Wall Street in the past seven months - a record amount from the program."

The New York Federal Reserve has moved more than $420 billion to Wall Street over seven months, restarting a program that saw little activity since July 2020. Transfers began with an $11 billion infusion on June 30, escalated in October, and included a $50 billion transfer on Halloween and nearly $97 billion since Dec. 31, 2025. The program supplies cash to banks struggling to make payments and has been used with few restrictions. The large infusions suggest possible broader financial instability and coincide with market pressure tied to a criminal probe into Federal Reserve Chair Jerome Powell, rivaling the 2008 TARP sum.

Read at Truthout