Ln Search Of A Cure: Will The Fed Buy T-bills To Cut Long-term Rates?

摘要

Federal Reserve chairman Ben Bemanke has been performing triage for the past year and a halt on a desperately ill financial system, rifling through the supply room to find new treatments for an unfamiliar and potentially deadly contagion. He has slashed short-term interest rates to near zero and greatly expanded the Fed's balance sheet by buying up commercial paper, mortgage-backed securities and credit issued by Fannie Mae and Freddie Mac.