Mortgage bonds key to economic growth

The purchase of Treasurys and mortgage-backed securities is necessary to broaden economic growth, an article in Reuters says.

The unemployment rate this week dipped to 7.6%, but until the rate is below 6.5%, the Federal Reserve said they would keep interest rates near zero. 

To provide aid to the market, Reuters believes the Federal Reserve should continue to buy bonds throughout this year to cure a lackluster job market.

 

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