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Journal Article
Sovereign wealth funds allow countries to invest for more than the long term
Some experts question the investment motives, while others regard sovereign wealth funds as a helpful source of capital and even a vehicle for socially responsible investment.
Fed’s Mortgage-Backed Securities Purchases Sought Calm, Accommodation During Pandemic
We explore the Federal Reserve’s purchases of agency MBS—mortgage bonds guaranteed by Ginnie Mae, Fannie Mae and Freddie Mac—and related market dynamics during the pandemic, including why mortgage rates fell to historic lows.