It’s The Economy Stupid
Larry
January 26, 2009
Doodles
1 Comment
Tags: Ben Bernanke, federal reserve, portrait of the day, sketch of the day, Treasury Securities
Ball point pen on the morning newsprint
With the Short term interest rates effectively at zero percent, the Fed only has few tools left in the shed. They may consider buying long term Treasury securities in order to push up the price, lowering the yields and hopefully reducing the cost of long term borrowing.
