High Mortgage Rates: The One Reason It’s So Hard for the Fed to Shed Trillions of Dollars in Housing Debt

Dow Jones, Feb 2, 2023–Joy Wiltermuth
The Federal Reserve fired off a smaller interest rate increase on Wednesday, while hinting it might soon be toning down its inflation fight, even before it hardly puts a dent in its pile of mortgage bond holdings.
https://www.morningstar.com/news/marketwatch/20230202597/high-mortgage-rates-the-one-reason-its-so-hard-for-the-fed-to-shed-trillions-of-dollars-in-housing-debt