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Fed Decision: Quantitative Easing Continues; Bond Proceeds to be Reinvested

By Implode-Explode Heavy Industries

``To help support the economic recovery in a context of price stability, the Committee will keep constant the Federal Reserve's holdings of securities at their current level by reinvesting principal payments from agency debt and agency mortgage-backed securities in longer-term Treasury securities. The Committee will continue to roll over the Federal Reserve's holdings of Treasury securities as they mature. ''

Full post as published by Mortgage Lender Implode-o-Meter on August 10, 2010 (boomark / email).