Tapering 2013

0x4…b5e

ERC1155

From a sequential series (L85933501A-501-550) of US $2 bills minted in 2103 at the US Bureau of Engraving and Printing, signed by the Department of Treasury Secretary Janet Yellen. After three years of quantitative easing, and steady improvement in the economy, it was expected that QE would be “tapered”, but it never happened. The Federal Reserve continued to buy bonds, increasing the money supply and keeping interest rates at historical lows. L85933526A was burned in October of 2021 and re-minted into a nonfungible token in November 2021.