Federal Reserve MBS Purchases in Response to the COVID-19 Pandemic

Borys Grochulski

Richmond Fed Economic Brief, 2020, vol. 20, issue 08, 5pgs.

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

Keywords: Banking; and; Finance (search for similar items in EconPapers)
JEL-codes: G01 (search for similar items in EconPapers)
Date: 2020
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