How low will the Fed really go?
Recent episodes of highly accommodative real interest rates are unlikely to be repeated.
What if the Fed sells its MBS holdings?
A deliberate and patient plan to start selling its mortgage-backed securities could help the Fed reach its macroeconomic goals with...
SOFR, so good? The outlook for the ‘world’s most important number’
How monetary policy has pushed the Secured Overnight Financing Rate toward the top of the Fed’s target range.
ABA DataBank: Why CMBS is a poor proxy for banks’ commercial real estate exposures
Publicly available data tell us that CRE losses will be dispersed across borrowers and a wide range of lenders.
Monetary policy and presidential politics
What history tells us about Federal Reserve interest rate decisions in presidential election years
The FDIC’s unusual loan from the Federal Reserve
The FDIC’s unexplained decision to borrow from the Fed to resolve failed banks last spring — and the Fed’s choice...
The implications of quantitative tightening for bank reserves
Do we take the FOMC at its word or focus on the Fed's repo borrowing program?
The outlook for FHLB advances
Given the need for additional funds and the lack of attractive alternatives, bank use of FHLB advances is very likely...
Understanding the Fed’s weekly H.8 report
What the Federal Reserve's commercial bank balance sheet data can and can't tell us.
