Affiliation:
1. Board of Governors of the Federal Reserve System (U.S.)
Abstract
As part of its implementation of monetary policy, the Federal Reserve (Fed) holds Treasury securities and agency mortgage-backed securities (MBS) in the System Open Market Account (SOMA). The market value of these securities and the Fed's income fluctuate with changes in interest rates. As such, the ongoing increases in policy rates to address inflationary pressures are expected to put downward pressure on the Fed's net income.
Publisher
Board of Governors of the Federal Reserve System
Reference4 articles.
1. SOMA's Unrealized Loss: What does it mean?
2. Global Trends in Interest Rates
3. The Federal Reserve's Balance Sheet and Earnings : A Primer and Projections
4. English, William And Donald Kohn (2022). "what If The Federal Reserve Books Losses Because Of Its Quantitative Easing?, " The Hutchins Center Explains, Brookings Institution, June 1, 2022.
Cited by
2 articles.
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