Fed’s Stein highlights benefits of mortgage-backed QE

federal reserve

Jeremy Stein, a member of the Federal Reserve board of governors, has explained why the Federal Reserve's policy of purchasing mortgage-backed securities rather than Treasury securities produces greater macroeconomic stimulus.

Speaking at a conference in Boston on November 30, Stein discussed quantitative easing (QE) policies and distinguished between the effects of purchasing different securities, suggesting mortgage-backed purchases produce more of a "kick" to corporate investment.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: