Briefing
Federal Reserve MBS Purchases in Response to the COVID-19 Pandemic
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;
JEL Classification: G01;
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https://www.richmondfed.org/-/media/richmondfedorg/publications/research/economic_brief/2020/pdf/eb_20-08.pdf
Description: Article
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Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Richmond Fed Economic Brief
Publication Date: 2020-07
Volume: 20
Issue: 08
Pages: 5pgs.