Fed hawks: Trim MBS buying

Investor's Business Daily
May 2013
Investors Business Daily;5/17/2013, pA02
When refinancing activity starts to recede eventually, the Fed may end up as the buyer of all the mortgage-backed securities being issued if the current pace of $40 bil in MBS purchases a month continues, warned Dallas Fed Pres. Richard Fisher, who isn't a policymaker this year. The housing rebound is already self-sustaining, so the Fed can ease its support, he added. Philly Fed Pres. Charles Plosser told Bloomberg TV he would like to see the Fed exit the MBS market.


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