Buy Dideo Subscription
Federal Reserve Chair Jerome Powell takes questions from reporters on his economic outlook as covid delta variant cases grow. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi The Fed is not considering cutting its purchases of mortgage-backed securities before its overall tightening process begins, Chair Jerome Powell said Wednesday. Some analysts and economists have questioned why the Fed is buying billions of the mortgage-linked assets each month at a time when home prices have surged. Powell said that he didn’t think the purchases of those assets had a significant impact on the housing market outside of the broader accommodative approach from the central bank. “There is little support for idea of tapering [mortgage-backed securities] earlier than Treasurys,” Powell said. Powell did say that there was some support for tapering the mortgage-backed securities at a faster rate than Treasurys, once the process begins. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-credit-cards/ #CNBC #CNBCTV
