Good advice from the New York Fed: The Federal Reserve should not sell off its mortgage assets, or at least not rapidly.
FT.com / US / Economy & Fed - NY Fed warns against rapid sale of assets
By holding its enormous portfolio of mortgages (accumulated in a successful effort to keep mortgage markets liquid during the downturn), the Fed can continue to help the market normalize despite bringing its new purchases to a close. - David
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment