More of the Same from the Fed on Asset Purchases As Market Focus Shifts to Exit Strategy, Post-QE
March 22, 2013
The Federal Reserve looks like it will stay the course on its asset purchase program for the foreseeable future, but with more flexibility than some on Wall Street were expecting. The Feds Open Market Committee this week decided to continue its additional monthly purchases of $40 billion of agency MBS, along with $45 billion in longer-term Treasury securities until the outlook for the labor market has improved substantially in a context of price stability.