2/18/2010

Charles Plosser, president of the Federal Reserve Bank of Philadelphia, said the central bank should start selling mortgage-backed securities it bought to prop up the housing market sooner rather than later. "As the economic recovery gains strength and monetary policy begins to normalize, I would favor our beginning to sell some of the agency mortgage-backed securities from our portfolio, rather than relying only on redemptions of these assets," Plosser said.

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