To support the US economy in crisis, the Federal Reserve has resorted to unprecedented monetary measures.
According to Jeroen Blokland, this year the Federal Reserve has acquired more than $ 1 trillion in mortgage-backed securities. The Fed currently holds about a third of all mortgage-backed bonds.
Over the past 8 years, the Fed has been gradually reducing the number of these securities on its balance sheet, but the onset of a new crisis in February 2020 required new stimuli measures that could support stressed out debt markets.