Tags: Fed | Bernanke | agency | debt

Bernanke Says Most on FOMC Don't Favor Sale of Agency Debt

Wednesday, 19 June 2013 03:29 PM

Federal Reserve Chairman Ben S. Bernanke said a majority of Federal Open Market Committee members don’t favor selling the Fed’s holdings of mortgage-backed securities when it begins to exit record monetary stimulus.

“A strong majority now expects the committee will not sell agency backed mortgage-backed securities during the process of normalizing monetary policy, although in the longer run, limited sales could be used to reduce or eliminate residual MBS holdings,” Bernanke said at a press conference in Washington.

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Federal Reserve Chairman Ben S. Bernanke said a majority of Federal Open Market Committee members don't favor selling the Fed's holdings of mortgage-backed securities when it begins to exit record monetary stimulus.
Fed,Bernanke,agency,debt
78
2013-29-19
Wednesday, 19 June 2013 03:29 PM
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