Dallas Fed paper flags concerns over duration of Fed’s portfolio
The composition of the Federal Reserve's portfolio could limit its future policy actions, according to a staff paper published by the Federal Reserve Bank of Dallas earlier this week.
The paper, How Bad Was It? The Costs and Consequences of the 2007-09 Financial Crisis, by Tyler Atkinson, David Luttrell and Harvey Rosenblum, highlights the shift in the Fed's portfolio from shorter to longer-term securities.
This shift occurred during the Fed's second round of quantitative easing (QE), and was
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