The idea of expanding the Federal Reserve's purchasing of mortgage-backed securities was seriously discussed but not adopted at the last meeting of the central bank's Federal Open Market Committee, according to recently released minutes. "Some members thought that an increase in the maximum amount of the Committee's purchases of agency MBS could help to reduce economic slack more quickly than in the baseline outlook," the minutes said. The Fed has extended the life of its mortgage-backed debt buying program to the end of March but left the size of the program at the original figure of $1.45 trillion.

Full Story:

Related Summaries