Assess the impact of targeted asset purchases by plotting since 2003 on a monthly basis the Federal

Question:

Assess the impact of targeted asset purchases by plotting since 2003 on a monthly basis the Federal Reserve’s holdings of mortgage-backed securities (FRED code: MBST) and (on the right scale) the average yield on 30-year fixed-rate mortgages (FRED code: MORTGAGE30US). Discuss how these purchases might support both the housing market and the banking system.