Fed’s Williams: All Asset Purchases Reflect on Housing Costs

President of the Federal Reserve Bank of New York, John Williams, believe the Fed’s asset purchases is contributing to lower housing costs.

Williams believe that not only do purchases of mortgage-backed securities reflect on the housing market, but so do the buying of Treasuries by the Fed.

“Both of them affect interest rates. Therefore both of them affect the cost of housing,” Williams explained.

Williams also voiced his support for setting up a repo facility.