Fed carrying $330 billion in unrealized losses on its asset according to Q1 financial statement -Breaking
[ad_1]
© Reuters. FILE PHOTO – The Federal Reserve Building is seen in front of the Federal Reserve Board. It is likely to announce plans to increase interest rates in March, as it focuses its efforts on fighting inflation. REUTERS/Joshua RobertsWASHINGTON, (Reuters) – The U.S. Federal Reserve has $330 billion of unrealized losses from its U.S. Treasury securities and mortgage-backed Securities as of March 31, according to new financial statements. These statements show the effect of rising interest rates upon the Fed’s market value.
According to documents, despite having nearly $9 trillion worth of assets at the central bank, the Fed was able to send $32.2 billion to Treasury USA in the first quarter 2022. Although the New York Fed highlighted the possibility of unrealized losses in its balance sheet earlier this week, it stated that the Fed was able to maintain monetary policy.
[ad_2]