Since 2008, the Federal Reserve (the “Fed”) has operated under an “abundant reserves” framework, a significant departure from its prior monetary policy approach. While the Fed believes this system helped support financial markets and economic activity, it has also produced some notable side effects. Last month the Fed released its latest quarterly financial report for Q1 detailing the combined financial position of the 12 Federal Reserve Banks. Click the link below to find out more.
Click here to view the full report
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