According to "The Donald," the Fed's pledge to buy $40 billion in mortgage securities each month...

|By:, SA News Editor

According to "The Donald," the Fed's pledge to buy $40 billion in mortgage securities each month is just creating "phony numbers" and will not ultimately benefit the economy. Nor will it will do anything to spur additional activity in the housing market. “Mortgage rates are already very low,” Trump says, “but the banks aren’t lending. So it doesn’t make any difference.”