How Does The Fed Explain This $88 Billion Shift?

As the title of this article suggests, the Federal Reserve did something last week that appears to have avoided scrutiny by major media outlets.

But it didn’t avoid detection by everyone.

According to the sharp-eyed writers at Zero Hedge, it looks as if the Fed shifted $88 billion to undisclosed recipients.

“How did that happen and how did we not hear about it?” you’re probably asking yourself. Here’s your answer: because the details are buried deep in the Fed’s accounting books.

To make sense of Zero Hedge’s findings, let’s go over the basics.

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