Fed Faces Explaining Billion-Dollar Losses in Stress of QE3 Exit

Fed Faces Explaining Billion-Dollar Losses in Stress of QE3 Exit

Andrew Harrer/Bloomberg

The Marriner S. Eccles Federal Reserve building stands in Washington, D.C. The Fed doesn’t mark its portfolio to market, and its losses may be only a fraction of MSCI’s totals because the central bank could hold the bulk of its assets to maturity.