(wire)
Official: Fed could sell assets in 2010
The Federal Reserve could sell off some assets later this year in an attempt to reduce its balance sheet, according to senior official James Bullard.
According to the St. Louis Federal Reserve Bank president, "Maybe you get in the second half of 2010 or something like that, if things are going pretty well, maybe then you'd sell a little bit at that point and you'd try to see how the market reacts."
By the end of March, the Fed will reach the end of its acquisition of $1.25 trillion in mortgage-backed securities.
According to the St. Louis Federal Reserve Bank president, "Maybe you get in the second half of 2010 or something like that, if things are going pretty well, maybe then you'd sell a little bit at that point and you'd try to see how the market reacts."
By the end of March, the Fed will reach the end of its acquisition of $1.25 trillion in mortgage-backed securities.
