The Fed Should Get Out of the Mortgage Market

Bloomberg, May 11, 2021–Brian Chappatta
If the Federal Reserve is truly as outcome-based as it claims to be under its new policy framework, it should start winding down its purchases of mortgage-backed securities. The fact that it’s not even thinking about doing so is revealing about just how hesitant it is to make even the slightest tweaks to monetary policy at this point in the economic recovery.
https://www.bloomberg.com/opinion/articles/2021-05-11/the-fed-should-get-out-of-the-mortgage-market