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Economic Bulletin Vol. L, no. 11 | November, 2010 The Fed’s profits from interest on its holdings soared after 2007. But so did the risks from its purchases of toxic […]

Economic Bulletin

Vol. L, no. 11 | November, 2010

The Fed’s profits from interest on its holdings soared after 2007. But so did the risks from its purchases of toxic assets. Its accounting methods understate these risks.