PKT
mailing list archive
[ Other Periods  | Other mailing lists  | Search  ]
Date:  [ Previous  | Next  ]      Thread:  [ Previous  | Next  ]      Index:  [ Author  | Date  | Thread  ]

Re: Fed open market operations, reply-comment on Mossler

Warren, other interested parties:

Although most NY Fed operations are "defensive" and compensate or offset
Treasury operations, not all are: when the Fed is changing the ff rate
(say, tightening) it is actively changing the rate.  And it then must
deliberately oppose private sector activities in order to maintain that
higher rate.

Chris
[ Other Periods  | Other mailing lists  | Search  ]