With the housing market seemingly back on track, buying $40 billion of mortgage-backed securities a month risks "overkill," and the Fed should cut back on its purchases, Federal Reserve Bank of Dallas President and CEO Richard W. Fisher said Wednesday.
Richard Fisher: MBS Purchases Risk Overkill
FEB 27, 2013 4:30pm ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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