The U.S. Federal Reserve should sell its mortgage-backed securities holdings sooner rather than later as the economic recovery gathers steam, a senior central bank official said on Wednesday. The Fed put in place a raft of emergency programs at the height of the financial crisis, including one to buy $1.25 trillion worth of mortgage-backed securities. Its balance sheet more than doubled to over $2 trillion in the process.

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3d rendering of a row of luxury townhouses along a street

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