Fed Unlikely to Sell Assets Soon

Reuters reports that the Fed does not anticipate of selling any of the billions of dollars worth of assets it bought to boost the economy in 2009 until it has started raising interest rates in a strong recovery, it said in its 2009 annual report released on Monday.

“The Federal Reserve currently does not anticipate that it will sell any of its securities holdings in the near term, at least until after policy tightening has gotten under way and
the economy is clearly in a sustainable recovery,” the Fed said.

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