Global money supply just hit a record $144 trillion, and it is raising new concerns. Expanding liquidity typically supports financial markets. The post-pandemic market is a great example from recent ...

Seasonally adjusted money supply has been growing on a consistent monthly basis since November 2023 (28 straight months).

Powell fielded questions from students about the origins of pandemic-era inflation, pushing back on the idea that the expansion of the money supply was the primary driver of price increases.