Fed's Lockhart: Market ready for end of MBS buys
NEW YORK, March 3 |
NEW YORK, March 3 (Reuters) - The end of Federal Reserve purchases of mortgage-backed securities has been well-anticipated and should not cause major disruptions in the housing market, Atlanta Federal Reserve Bank President Dennis Lockhart said on Wednesday.
"There could be some effect, but not substantial," he told reporters. (Reporting by Pedro Nicolaci da Costa; editing by Jeffrey Benkoe)
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