“With the US housing sector apparently turning the corner, stronger equities may be the necessary tonic to further increase household wealth, and also to boost investment…While the Fed does have restrictions on what assets it can buy, it can invoke Section 13(3) of the Federal Reserve Act that allows more extreme actions in ‘unusual and exigent circumstances,'” according to Deutsche Bank.
Outlier event for 2013: Fed buys stocks as ‘unconventional’ monetary policy
Most Popular Articles
Latest Articles
US Mortgage Corporation committed to reverse channel, new HECM head says
Leaders at US Mortgage Corp. sat down with RMD to discuss their expanded presence and future goals in the reverse mortgage business.
-
Labor Department announces new rule to shield retirement savings
-
loanDepot CEO talks ‘longer and tougher’ mortgage cycle, NAR settlement and cyberattacks
-
The industry needs to speak out about the consequences of the commission lawsuits: Brokerage leaders
-
HUD announces final rule to protect against flood risk
-
Guaranteed Rate appoints two new executives
