Econ Comments & Analysis
Real Clear Markets | Drastic Fed Moves Reveal Policy Gone Awry
As part of its newly conceived Operation Twist update, in September 2011 the Federal Reserve decided that it would reinvest proceeds from maturing MBS holdings in its SOMA portfolio in newly created MBS. In the vernacular of the MBS market, the Open Market Desk at the New York Branch (FRBNY) would concentrate its purchases in the TBA market.
Blogs
WSJ | Economists Give Bernanke a B for Final Grade, Expect QE3 to End This Year
Most of the economists surveyed by The Wall Street Journal believe the Federal Reserve will wind down its monthly bond-buying program this year as the economy gradually picks up steam
