News:
- NY Fed President William Dudley said they could potentially do more to support housing market by putting downward pressure on mortgage ratesdepending on the world economic conditions.

Quote:
- The fact that we decided to reinvest maturing funds back into the agency mortgage-backed securities market I think is a signal that we have some concerns about the level of mortgage spreads, and certainly that we do care about housing affordability as a way of supporting economic activity.

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