Planned $1.25 trillion MBS purchasing could be scaled back by Fed

08/31/2009 | Bloomberg

Two regional Federal Reserve Bank presidents have said the central bank might not need to make the full $1.25 trillion worth of mortgage-backed securities purchases the Fed earlier authorized. Richmond, Va., Fed President Jeffrey Lacker and St. Louis Fed President James Bullard expressed doubts in public statements about the necessity of going ahead with buying all the bonds approved.

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