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MNI PODCAST: FedSpeak - Fed Losses A Risk To Taxpayers-Nelson

FED

Ex-Fed board economist Bill Nelson tells MNI's FedSpeak podcast that the cost to taxpayers from Fed balance sheet losses is underappreciated.

  • “Those losses are really just as consequential whether their unrealized or realized in terms of the outlook for future Fed income," said Nelson, a former deputy director of monetary affairs at the Fed.
  • The conduct of monetary policy won't be affected, but Treasury remittances may be on hold for a year or more.
  • Listen to the podcast here.

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