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Fed's actions
A question for Doug Henwood (Hi Doug) and others:
The New York Times reported on Friday that the Fed purchased government
bonds of $70 billion on Thursday (after buying $38 billion on Wednesday),
which it called "one of the biggest such operation in memory". It also
said that on a normal day the purchase would be "several billion dollars".
Does anybody know:
1. Other examples of such high purchases, and what the numbers were?
2. How much the Fed purchased on Friday, which was not reported in
Saturday's paper (at least I couldn't find it).
Thanks in advance,
Fred Moseley
P.S. The Monday opening of Wall St. should be very interesting.
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