Gigs Shrugged

“There is no need for the federal reserve to monetize any of this borrowing … I do not expect additional inflationary consequences from this”  - Bernanke’s testimony to congress, 9/24/08

The initiatives call for the Federal Reserve to buy up to 600 billion dollars in mortgage securities with another 200 billion dollars allocated for asset-backed securities to help get credit to consumers.

This entry was posted on Monday, December 1st, 2008 at 6:37 pm and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.