Title:

Federal Reserve MBS Purchases in Response to the COVID-19 Pandemic, No. 20-08

PREVIOUS | NEXT

Federal Reserve MBS Purchases in Response to the COVID-19 Pandemic, No. 20-08

DATE: July 2020

PART OF: AUTHOR: CONTRIBUTING AUTHOR:

ABSTRACT: The Federal Reserve's purchases of agency mortgage-backed securities — launched in response to financial disruptions caused by COVID-19 — appear to have restored smooth market function supporting the continued flow of credit to mortgage borrowers. However, the amount of purchases necessary to achieve this outcome raises concerns about the resilience of private-market structures that perform this critically important function.

Download (pdf) View Full Text

Share this page:


Diversity is critical to the Federal Reserve, and we are firmly committed to fostering a diverse and inclusive culture throughout the Federal Reserve System. Collections within FRASER contain historical language, content, and descriptions that reflect the time period within which they were created and the views of their creators. Certain collections contain objectionable content—for example, discriminatory or biased language used to refer to racial, ethnic, and cultural groups. These viewpoints and attitudes are inconsistent with our values, but the original descriptions are retained to ensure that they are not erased from the historical record.
Save & Share
less

Grochulski, Borys and Federal Reserve Bank of Richmond. "Federal Reserve MBS Purchases in Response to the COVID-19 Pandemic, No. 20-08," Economic Brief (July 2020). https://fraser.stlouisfed.org/title/6034/item/593453, accessed on April 24, 2024.

More Information
less

THEMES:

Metadata (XML)
Metadata (JSON)