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Fed Official Backs Asset Sales Before Rate Rises [WSJ]

Friday, March 26, 2010 - 1:43 PM
From the Wall Street Journal
The Federal Reserve should consider selling some of its portfolio of mortgage-backed securities even before raising official interest rates in order to make monetary policy more effective, the president of the Philadelphia Fed [Charles Plosser] said Friday.
Plosser is another inflation hawk, but unfortunately, he's not a voting member of the FOMC this year.
Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
Rep Points: 125,800