Tidewater Real Estate Blog

Fed's Mortgage Securities Pose Sticky Problem
While the Federal Reserve's purchase of more than $1 trillion in mortgage-backed securities (MBS) last year bolstered the housing market, it faces a major challenge with regard to its exit strategy. Retaining the securities will raise costs and make it more difficult for the central bank to fight inflation, but unloading them could pull money out of the struggling economy.

Also, Fed Gov. Kevin Warsh says new purchases to stimulate growth could undermine the central bank's credibility.
Posted by Brad Nichols on July 23rd, 2010 2:24 PMPost a Comment (0)

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