Tag Archives: Fed Official: ‘We Can Declare Victory on Housing’

The Federal Reserve should withdraw some of its housing policies aimed at boosting housing since the real estate market is well on its way to recovery, Dallas Fed President Richard Fisher told attendees at the National Association for Business Economics. The Fed has been buying up $85 billion of Treasuries and mortgage-backed securities each month, which has helped to keep mortgage rates near historical lows. “I think we can rightly declare victory on the housing front and [dial back] our purchases, with the aim of eliminating them entirely as the […]