Powell: Little Support for Tapering MBS Earlier Than Treasuries

The transcript discusses recent meetings on tapering strategies, focusing on the impact of Treasury and MBS purchases on financial conditions. It highlights modest differences in housing prices due to these purchases and suggests that tapering MBS and Treasurys should occur simultaneously. The potential for faster MBS tapering is considered, with ongoing discussions expected.

What is the general view on how Treasury and MBS purchases affect financial conditions?

• They have a similar impact on financial conditions.

• They have a significant impact on financial conditions.

• They do not affect financial conditions at all.

• They affect financial conditions in very different ways.

What is the speaker's stance on tapering MBS earlier than Treasurys?

• There is little support for tapering MBS earlier.

• There is strong support for tapering MBS earlier.

• Treasurys should be tapered first.

• MBS should never be tapered.

According to the speaker, when will MBS and Treasurys likely be tapered?

• Neither will be tapered.

• They will be tapered at the same time.

• Treasurys will be tapered before MBS.

• MBS will be tapered before Treasurys.

What is the speaker's view on reducing MBS purchases at a faster pace than Treasurys?

• It is already being implemented.

• It is completely rejected by everyone.

• It has some attraction for some people.

• It is universally agreed upon.

What is the nature of the discussion about MBS purchase reduction?

• It is a settled matter.

• It is an ongoing discussion.

• It is not being discussed at all.

• It is a private discussion.