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Unformatted text preview: the tune of $1.25 trillion—alive. But Bullard isn’t currently a member of the committee, which decides such matters, though he will become one later this year. It’s already been estimated that ending the program will push mortgage rates back up by half a point to a point, squeezing some potential buyers out of the housing market. The Fed is walking a “tightrope,” as one economist puts it, between weaning the private sector off of the Fed’s beneficence and sending the housing market off another cliff. Dissent in the halls of the Federal Reserve. (2010). The Big Money , Retrieved from http://www.reuters.com doi: US142613188620100107...
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This note was uploaded on 07/07/2011 for the course BUSINESS 350 taught by Professor Mitchell during the Fall '09 term at Troy.
- Fall '09