Plosser worries Fed could face losses on assets
AVONDALE, Penn. (Reuters) - When the Federal Reserve eventually begins to sell some of the assets it has accumulated over the last few years it risks logging losses if longer-term interest rates are rising, a top central bank official said on Thursday.
Philadelphia Fed President Charles Plosser said there is a political risk if the central bank ends up selling the longer maturity assets in its portfolio at a loss.
(Reporting by Jonathan Spicer; Editing by Leslie Adler)
- Investigators look for motive in Malaysia plane disappearance |
- Police make third arrest in murder of Colorado socialite
- Malaysian PM says lost airliner was diverted deliberately |
- Indian Ocean poses daunting challenge in search for missing Malaysia plane
- Malaysia PM says lost plane's movements indicate a deliberate act