https://www.bloomberg.com/news/articles/2020-09-01/fed-s-mor...
Though I'd dispute that the Fed cares particularly about their valuation. The Fed's dual mandates are inflation and unemployment, not balance sheet returns.
https://www.bloomberg.com/news/articles/2020-09-01/fed-s-mor...
Though I'd dispute that the Fed cares particularly about their valuation. The Fed's dual mandates are inflation and unemployment, not balance sheet returns.