Keeping himself firmly in the inflation-hawk camp, Federal Reserve Bank of Philadelphia President Charles Plosser said Tuesday that the Fed should stick to its plan to end its purchases of mortgage-backed securities this quarter. In doing so, Plosser effectively opposed other Fed officials who have recently suggested the Fed might continue buying MBS beyond the current target to have acquired securities worth a total of $1.25 trillion by the end of this quarter. Kansas City Fed President Thomas Hoenig took a similar stance to the Philadelphia Fed Chief in a Bloomberg News interview published Monday.
Fed’s Plosser: Fed Should End MBS-Buying At $1.25T In 1Q
Most Popular Articles
Latest Articles
The best real estate podcasts for agents and brokers in 2024
The best real estate podcasts to motivate, inspire, entertain and enlighten you this year.
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program
-
Retirement confidence hasn’t fully recovered, but survey shows hope for future prospects