Fed’s Plosser says central bank should sell MBS
February 18, 2010Charles Plosser, president of the Federal Reserve Bank of Philadelphia, said the central bank should start selling mortgage-backed securities it bought to prop up the housing market sooner rather than later. “As the economic recovery gains strength and monetary policy begins to normalize, I would favor our beginning to sell some of the agency mortgage-backed securities from our portfolio, rather than relying only on redemptions of these assets,” Plosser said. CNBC/Reuters (2/17)
