Fed Reports Net Loss - Suspends Remittances To Treasury seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
Even if the Fed’s rate-raising campaign is ineffective, it is not harmless. The idea that the central bank can just push one button and “tame” inflation is simplistic.
If banks were to mark-to-market all bond portfolios including those they have committed to hold on to till maturity, a chunk of the stellar profits they recorded last year would have been eroded.