Does the Federal Reserve have a 'infinite amount of cash'?

President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, said that the Federal Reserve has an “infinite amount of cash”—in response to worries over the stock market collapse. Speaking on 60 minutes, Kashkari said, "There's enough cash in the financial system, and there's an infinite amount of cash at the Federal Reserve.

How much money does the Federal Reserve have in the system?

They still have 800 billion in there. So they have to reduce it by almost half. That is more cash, more liquidity into a system that is already saturated with it. Of course, this is all going to the corporations and the banks and those that they can borrow for free. A little bit of that is going to the public.

Does the Federal Reserve have a balance sheet?

The Federal Reserve operates with a sizable balance sheet that includes a large number of distinct assets and liabilities. The Federal Reserve's balance sheet contains a great deal of information about the scale and scope of its operations.

How much should I have in my cash reserve?

A standard cash reserve goal should cover six months of expenses. If your monthly expenses total $2000 you should plan on a cash reserve of $12,000. Six months is a starting point but there are other factors that you might consider. If your job is in high demand you might be able to lower your time from six months to three.