Question 6. The Fed's holdings of mortgage-backed securities is shown in figure below, in billions of dollars. What is the cause of these changes in Fed holding of these assets? Explain the figure in the light of the recent financial crisis. (10 points) $2,000 $1,800 $1,600 $1,400 $1,200 BILLIONS $1,000 $800 $600 $400 $200 $0 2007 2010 2011 2012 2013 2014 2015 2016 2008 2009 YEAR (Source: FRED II) Question 6. The Fed's holdings of mortgage-backed securities is shown in figure below, in billions of dollars. What is the cause of these changes in Fed holding of these assets? Explain the figure in the light of the recent financial crisis. (10 points) $2,000 $1,800 $1,600 $1,400 $1,200 BILLIONS $1,000 $800 $600 $400 $200 $0 2007 2010 2011 2012 2013 2014 2015 2016 2008 2009 YEAR (Source: FRED II)