FOMC pledges to maintain scale of asset purchases


The Federal Open Market Committee (FOMC) on Tuesday said it would reinvest payments on its holdings of agency debt and agency mortgage-backed securities into longer-term Treasury securities, and continue to roll over the Federal Reserve's holdings of Treasury securities as they mature.

The Fed now holds $1.277 trillion worth of federal agency securities and agency mortgage-backed securities, which accounts for 54% of the Fed's balance sheet.

Nine of the ten-member committee backed the move, with

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: