Andrew Levin and Christina Parajon Skinner on *Central Bank Undersight: Assessing the Fed’s Accountability to Congress*
Macro Musings with David Beckworth
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Federal Reserve's Balance Sheet and Implications on National Debt
Exploration of the Federal Reserve's balance sheet dynamics, detailing the impact of liabilities like mortgage-backed securities on the U.S. government debt. Discussion on asset-liability composition, risks, and costs to taxpayers, with comparisons to historical simplicity and oversight concerns. Insight into Fed's management of debt, actions of borrowing from the public, and estimating the substantial financial burden on taxpayers.
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