Fed’s coronavirus response left mortgage market ‘high and dry’

Fed’s coronavirus response left mortgage market ‘high and dry’

Jefferies chief market strategist David Zervos believes one area that the Federal Reserve has “left a bit high and dry” in its recent emergency moves is the residential mortgage market, something policymakers should aim to fix. Since the pandemic gripped the world’s economy, the Fed has thrown trillions at the market in the form of […]