Fed Sales of GSE MBS Delayed Until Rates are Raised
June 9, 2010
The Federal Reserve told Congress recently it doesn’t plan to begin selling off its massive portfolio of Fannie Mae and Freddie Mac mortgage-backed securities until it begins raising rates again. The U.S. central bank “currently does not anticipate that it will sell any of its securities holdings in the near term, at least until after policy tightening has gotten under way and...