The Federal Reserve had $1.2 trillion in unrealized losses on its balance sheet as of 2022, consisting of approximately $800 billion in losses on Treasury holdings and $400 billion in losses on mortgage-backed security holdings
factualpending
Speaker
Peter StellaEvidence Quote
“the increase in unrealized losses during 2022 is 1.2 trillion dollars about 800 billion were the losses on the treasury portfolio 400 billion on the mortgage-backed security portfolio”
Source
Debt Death Spirals, Fed's Losses, & Fiscal Theory Of Price Level | Peter Stella & Joseph Wang— Forward GuidanceCreated: 8/10/2026, 10:58:24 PM
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