Fed Holds Its Ground on Interest Rates, No Change Yet in MBS Portfolio Plans
April 30, 2010
The Federal Open Market Committee this week agreed not to move its target for short-term interest rates “for an extended period” as the U.S. economy lumbers back to life. And although one member of the committee continues to rattle the cage for unwinding the Fed’s massive portfolio of agency MBS, the FOMC gave no hint that it planned on significant sales any time soon... [Includes one chart]