Friday, March 21, 2008

Fed Denies Discussions to Buy MBS

by Bill McBride on 3/21/2008 11:00:00 PM

Earlier I linked to the Financial Times story that suggested central banks were discussing buying mortgage back securities (MBS).

Greg Ip at the WSJ writes: Fed Says Not Discussing Coordinated MBS Buying

The U.S. Federal Reserve, responding to press reports, said it is not discussing coordinated purchases of mortgage-backed securities with other central banks.

"The Federal Reserve is not involved in discussions with foreign central banks for coordinated buying of MBS," a senior Fed official said.