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Powell: Fed ‘should have' stopped buying mortgage-backed securities sooner as the pandemic housing boom raged on
Fastcompany·2025-10-17 20:11

LOGIN SUBSCRIBE Speaking Tuesday at the National Association for Business Economics meeting in Philadelphia, Federal Reserve Chair Jerome Powell offered his clearest reflection yet on the Fed's pandemic-era mortgage bond buying. He acknowledged that the central bank may have kept purchasing mortgage-backed securities (MBS) for too long—but he also suggested that those purchases may have had a smaller effect on the housing market's trajectory than some assume. "Regarding the composition of our purchases, som ...