MacroVoices #315 Joseph Wang: Post-FOMC Rundown
Macro Voices
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The Fed's Mortgage Portfolio Isn't Going to Be Able to Roll Off Its Mortgage Portfolio at All.
The people who bought house s aren't likely to give up their historically low mortgage rates. The only way that the fed is going to be able to roll off its mortgage portfolio is either to wait patiently, or to actually start selling the agencm bs portfolio. At the moment, the projections by the fed are an agency and b s portfolio that gets paid down at a rate about 25 billion a month.
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