The Evolution of Household Net Worth during COVID-19
Faria-e-Castro, Miguel; Silvera Zumaran, Ramon (2021-11-18)
The U.S. economy suffered a huge shock with the onset of the COVID-19 pandemic, yet asset returns were relatively high during the recovery. Who benefited?
On the Economy

Journal Article
Considerations for the Longer-Run Maturity Composition of the Federal Reserve’s Treasury Portfolio
Sengupta, Rajdeep; Smith, Andrew Lee (2024-08-28)
The Federal Reserve’s Treasury portfolio is weighted toward long-duration assets, reflecting large-scale asset purchases deployed after the financial crisis and again during the pandemic. In the longer run, policymakers may prefer to return to a shorter-duration Treasury portfolio like the Fed maintained before 2008. However, the exact composition of the portfolio will depend on how policymakers balance competing considerations: policy space, interest rate risk, market neutrality, and safe-asset provision.
Economic Bulletin