With a buying program complete, the Fed should think about getting out of mortgage-backed...

|By:, SA News Editor

With a buying program complete, the Fed should think about getting out of mortgage-backed securities through a steady trickle of sales, some $20B per month, Minneapolis Fed's Narayana Kocherlakota says. The central bank will have to be less passive "if [it] wants to normalize its balance sheet in the next five, 10, or even 20 years."