Of course the Fed reports their portfolio at face value & not market value as other banks are required to do, rules donβt apply to the Fed.
My question is, how much of their portfolio is mortgage backed securities? Things could get scary for the Fed...
#economy#fed#stocks
Fed Piles Up $66 Billion in Paper Losses as It Faces Trump Wrath βA central bank w/a negative net worth matters not in theory,ββ former Fed Governor Kevin Warsh said. βBut in practice it runs risk of chipping away at Fed credibility its most powerful asset https://t.co/HsgiyuGkUu
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