Posted by: admin in business news on January 6th, 2010

FILE --  In a Dec. 3, 2009 file photo Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington.  Minutes of the Fed's closed-door meeting on Dec. 15-16, 2009 revealed that a 'few members' thought that the Fed's $1.25 trillion program to buy mortgage securities from Fannie Mae and Freddie Mac might need to be expanded and extended beyond its current end date of March 31. (AP Photo/Jose Luis Magana, File)AP – Some Federal Reserve policymakers last month were conflicted over whether to expand or cut back a program intended to drive down mortgage rates and bolster the housing market, according to a document released Wednesday.


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Some Fed officials conflicted on mortgage program
(AP)

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