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The Fed's purchases of agency MBS is expected not just to lower rates more for conforming...

  • Friday, October 26, 2012, 7:39 AM ET
    The Fed's purchases of agency MBS is expected not just to lower rates more for conforming mortgages than non-conforming, says Jeff Lacker, but also against other lending sectors like small business loans or autos. This puts the Fed in the position of "tilting the flow of credit" to one particular sector, and we know how that will work out. Not to worry, Mr. Lacker. Soon enough, the chairman will have the Fed buying that other stuff as well!
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This news story has 2 comments:

  •  
    I actually read his dissenting statement. This guy is the Ron Paul of the Federal Reserve.
    26 Oct 2012, 08:06 AM Reply Like
  •  
    Isn't that like saying he's the Jesus of Satanists?
    26 Oct 2012, 10:05 AM Reply Like
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