COVID-19 Lockdown Forces the Federal Reserve to Own More US Mortgage Bonds Again

Posted on 09/03/2020

Since March 2020, the Federal Reserve Bank of New York (FRBNY) purchased around US$ 1 trillion of mortgage bonds. The Federal Reserve purchased roughly US$ 300 billion of mortgage bonds in each of March 2020 and April 2020. And for each month after, about US$ 100 billion of mortgage bonds per month. The central bank […]

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