Monetary Operations Archive

Fed policy changes Cont’d

(A response to a comment about Fed policy changes) On Tue, Mar 11, 2008 at 9:46 AM, Mike wrote: the dollar may be the buy of a lifetime here…. Right, especially if the Fed cuts less than expected next week, or not at all. Vicious reversal of commodities, USD, short term rates, ...Read More

Fed policy changes

The Fed continues to show a deficiency in understanding monetary operations with the latest moves. While steps in the right direction, a better understanding of monetary operations would have meant funding ANY member bank asset at the FF rate and establishing an unlimited term lending facility for Treasury securities. Meanwhile they seem ...Read More