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Fed's Bullard - Fed should retain MBS buying plan
Mon, 23rd Nov 2009 00:37
WASHINGTON, Nov 22 (Reuters) - A senior U.S. Federal Reserve official said on Sunday the central bank should keep alive a mortgage-backed securities buying program beyond a planned end-date to give policy-makers more flexibility as they help the economy recover from a painful recession.
'I have advocated to keep the asset purchase program open but at a very low level, and wait and see what happens, and as information comes in about the economy we can adjust that program while the federal funds rate remains at zero,' St. Louis Federal Reserve bank James Bullard said in an interview with Dow Jones newswire.
(Washington newsroom 1 202 898 8300)
Keywords: USA FED/BULLARD
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'I have advocated to keep the asset purchase program open but at a very low level, and wait and see what happens, and as information comes in about the economy we can adjust that program while the federal funds rate remains at zero,' St. Louis Federal Reserve bank James Bullard said in an interview with Dow Jones newswire.
(Washington newsroom 1 202 898 8300)
Keywords: USA FED/BULLARD
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
