On Air Now

Current Show

The Sean Hannity Show   2:00 PM - 5:00 PM

Call the Sean Hannity Show at 800-941-7326

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
40° Feels Like: 30°
Wind: NE 21 mph Past 24 hrs - Precip: 0.26”
Current Radar for Zip

Today

Rain/Wind 41°

Tonight

Rain 37°

Tomorrow

PM Showers 58°

Alerts

Plosser worries Fed could face losses on assets

A view shows the Federal Reserve building on the day it is scheduled to release minutes of the Federal Open Market Committee from August 1,
A view shows the Federal Reserve building on the day it is scheduled to release minutes of the Federal Open Market Committee from August 1,

AVONDALE, Penn. (Reuters) - When the Federal Reserve eventually begins to sell some of the assets it has accumulated over the last few years it risks logging losses if longer-term interest rates are rising, a top central bank official said on Thursday.

Philadelphia Fed President Charles Plosser said there is a political risk if the central bank ends up selling the longer maturity assets in its portfolio at a loss.

(Reporting by Jonathan Spicer; Editing by Leslie Adler)

Comments