The Fed: Cash cow or sitting duck?

Traders buy and sell bonds as Federal Reserve Chairman Ben Bernanke is shown on a large television screen at the CME Group in Chicago.

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. 

About the author

Allan Sloan is a senior editor-at-large for Fortune magazine.

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