Mises Wire
Author:
Paul H. Kupiec
Alex J. Pollock
Online Publish Date:
said that losses would have no impact on the Fed’s ability to conduct monetary policy, but admitted they could raise “communication challenges” for the system. This losses may become much more contentious as the Fed executes its inflation-fighting policies in the coming months. The real story of how the Fed accounts for losses, how least some Federal Reserve System losses, but to date, this has never happened. “Innovations” in accounting policies adopted by the Federal Reserve Board in 2011