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The Bank Crisis Is "Overblown" | Joseph Wang
Forward Guidance
Do You Think the Federal Reserve Is Hedging?
The Federal Reserve imposes losses on that financial system was it raises rates. But in the case of first republic, so I think part of the reason why they don't have interest rate hedges is that they don't has a very big securities portfolio. And if you hold something for maturity, you don't really have a need to hedge it. It's because they're committed to holding those mortgages until they mature.
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