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For the Fed’s stimulus to achieve its “full impact,” Federal Reserve Bank of New York President William C. Dudley said, lower yields on mortgage-backed securities must pass through to interest rates on home loans.

Photographer: Ramin Talaie/Bloomberg

For the Fed’s stimulus to achieve its “full impact,” Federal Reserve Bank of New York President William C. Dudley said, lower yields on mortgage-backed securities must pass through to interest rates on home loans.
December 03, 2012
Article
Fed’s Dudley Sees Obstacle in Mortgage Bond, Rate Spreads
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