The minutes show a Fed where certain members still view the risk and costs of mortgage-backed securities purchases as manageable, while others say the market needs to be watched closely for any signs that suggest quantitative easing should be curtailed.
Unemployment is now down to 7.7% and the nation added 236,000 jobs in February, so what does this mean for quantitative easing? Will it go away or does the Fed remain committed to seeing unemployment fall closer to 6%?
They Said It
We see nothing on the horizon to knock the economy out of its slow growth mode, said Madeline Schnapp, director of macroeconomic research at TrimTabs Investment Research.
Nonprofits — the Cuyahoga Land Bank, NeighborWorks America, Rebuilding Together, the National Association of Hispanic Real Estate Professionals, PCV|VRM Seeds of Hope and many more local organizations — are investing significant resources to improve America’s most vulnerable housing markets.