Powell refuses to cut mortgages, buying more aggressively

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While the timing of the pullback in the Federal Reserve’s bond-buying campaign remains uncertain, some of the tactics are already looming in sight.

During a press conference following the central bank meeting on Tuesday and Wednesday, Fed Chairman Jerome Powell turned to a heated debate among policymakers about whether the central bank should cut its $ 40 billion a month in mortgage purchases faster than its $ 80 billion. dollars a month in the form of treasury bonds. purchase. He pointed out that simplicity may be the best way when …

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