Fed signals support for superfund

A Federal Reserve official has said that the proposed $75 billion mortgage-securities superfund will help investors and credit markets.

According to Bloomberg, the Fed official said that the fund is designed well enough to satisfy the credit markets and will help investors set prices for the complex securities that funds purchased with the proceeds of commercial-paper sales.

The markets have misinterpreted the Fed's silence on the superfund as criticism, the official added.

The plans for the

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