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<a href=" http://www.chicagobearsuk.com/wp/phd-thesis-on-power-quality/#pretend ">marketing thesis</a> He said he supported a reduction to the Fed's purchases of Treasuries but not those of mortgage-backed securities because he has been seeing some "tenderness" in housing. While purchases of Treasuries, he said, have not encouraged businesses to hire, MBS purchases have helped the housing market, he said.