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>> BEN BERNANKE Latest News

MAR 01, 2013 - TheStreet

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Benefit from Bernanke's Mortgage-Backed Securities Plan

NEW YORK (TheStreet) -- "Don't fight the Fed" goes the old bromide, and I couldn't agree more. Testifying before Congress on Wednesday, Federal Reserve Chief Ben Bernanke said that the Fed could decide to sell its mortgage-backed securities (MBS) more slowly than originally anticipated. This is really important insight because, as he intimated on Capitol Hill, the Fed may even decide not to sell its MBS supply and let them mature. You might recall that back in June 2011, the Fed announced that its exit strategy on MBS was to sell them during "the next 3 to 5 years." This would be after the ... Read More

Tags: Benefit from Bernanke's Mortgage-Backed Securities Plan,  Ben Bernanke Latest News