Dallas Fed chief Richard Fisher ‘reluctant’ to expand balance sheets
Posted on September 1st, 2010 by Mortgage Refinancing News
Last week, Fed Chairman Ben Bernanke said that buying up longer-term securities, and therefore expanding the Fed's balance sheet, was one tool the central bank could use to spark economic growth. Such purchases would presumably bring down long-term interest rates, promoting more mortgage refinancing and other long-term borrowing.
Filed under: Mortgage Refinancing News
