Esther George, president of the Federal Reserve Bank of Kansas City, said she would like to immediately start slowing down the rate that the central bank is purchasing mortgage-backed securities and U.S. Treasuries.
The policy of making the purchases, known as Quantitative Easing, is designed to increase the demand for these products, in theory forcing down interest rates. The Federal Reserve has been purchasing $85 billion of the securities a month. George wants to immediately cut purchases to…
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