Fed Open Market Committee: Maintains its plan to wrap purchases of agency MBS and agency debt by...

|By:, SA News Editor
Fed Open Market Committee: Maintains its plan to wrap purchases of agency MBS and agency debt by end of first quarter, despite some growing expectations that it might extend the program. Maintains rates at zero to 0.25%, and anticipates "exceptionally low levels of the federal funds rate for an extended period" - but not unanimously, as Thomas Hoenig thinks "extended period" is unwarranted.