Federal Reserve Board Identifies Error in Historical Dataset Used in Its 2019 Stress Tests and Issues Correction


On February 13, the Federal Reserve identified an error in the historical dataset used in its 2019 stress tests and issued a correction. The mortgage rate in the fourth quarter of 2018 was originally published as 4.6 percent and should have been 4.8 percent. All other variables, both their historical values and projected values in the hypothetical scenarios, are unchanged. The scenarios are not forecasts of the Federal Reserve. Release.