The Federal Reserve has been discussing the sale of mortgage-backed securities, but it’s unlikely to take action until short-term interest rates are raised from a record low, a top Fed official said Wednesday. In a question-and-answer session after her speech, Fed Governor Elizabeth Duke Wednesday said the U.S. central bank must communicate clearly when and how those securities will be sold so as not to surprise the markets.
Fed’s Duke: mortgage bond sales unlikely before interest rate move
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