The Fed: Cash cow or sitting duck?
The price of gold has plummeted over the last year and that’s been putting the squeeze on the Swiss Bank, which holds quite a bit of it. Now, the Swiss National Bank can’t pay a dividend to shareholders.
At the U.S. Federal Reserve, the issue is less about gold and more about all the bonds that it has been buying for its portfolio — and those aren’t collapsing. But what about the longer term trend?
Allan Sloan, senior editor at large of Fortune Magazine, joins Marketplace Morning Report host David Brancaccio to discuss.
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