[This article appeared in the Letters section of The Wall Street Journal in a shortened form.] Jason Furman’s “ Profits and Losses Don’t Matter at the Federal Reserve,” (September 28, 2023) excuses...
Paul H. Kupiec
Paul H. Kupiec is a senior fellow at the American Enterprise Institute.
Latest work
[A new article by Mises Senior Fellow Alex Pollock and Paul Kupiec at the Wall Street Journal]: Taxpayers are bailing out Federal Reserve member banks—institutions that own the stock of the Fed’s 12...
How should Congress assess the Federal Reserve’s track record as an investor in residential mortgage-backed securities (MBS)? Regardless of Fed spin, it merits a failing grade. The Fed’s COVID-era...