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Fed To Continue Reinvesting MBS Proceeds
Ben Bernanke, chairman of the Federal Reserve, said the central bank will continue reinvesting proceeds from maturing mortgage-backed securities to help maintain its balance sheet even after the bond purchase program ends in June, reports MarketWatch.
Ben Bernanke, chairman of the Federal Reserve, said the central bank will continue reinvesting proceeds from maturing mortgage-backed securities to help maintain its balance sheet even after the bond purchase program ends in June. In the first-ever press conference by a Fed chairman, Bernanke said the decision to continue the program was “based on the outlook, based on our view of how sustainable the recovery is and what the condition, the situation is with respect to inflation.”