Ben Bernanke's less-than-precise talks about the potential for tapering are enough to send bond yields higher. So what's in store as the market preps for the latest Federal Open Market Committee meeting?
A study presented at the Jackson Hole conference recently provided even more evidence that tapering will begin with Treasury purchase cutbacks, since MBS acquisitions have had a more positive effect on the housing market as well as rates.
Layton has over 35 years of experience in financial services and as a corporate leader. He worked for nearly 30 years at JPMorgan Chase and its predecessors, starting as a trainee and rising to vice chairman and member of the three-person Office of the Chairman, retiring in 2004..
"The questions become, ‘Do the courts find a distinction between housing policy and lending, as in whether to make a loan and how you price that loan? Does the government get broader discretion than the private sector?’ ” Andreano said. “It’s not fleshed out.” Read More