Federal Reserve: Kohn tells banks to prepare for higher interest rates & turmoil

I recently reported that the Federal Reserve was pulling out of the mortgage backed security (MBS) market once and for all at the end of March. The Fed announced last month that it will no longer buy billions of MBS’s and my prediction at the time was that it would send interest rates soaring. I also predicted

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Federal Reserve: Kohn tells banks to prepare for higher interest rates & turmoil

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