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federalreserve.gov - 3/24/2009

FRB: Press Release--Joint statement by Treasury and Federal Reserve on the Federal Reserve's ...

— federalreserve.gov — The Role of the Federal Reserve in Preserving Financial and Monetary Stability Joint Statement by the Department... of the Treasury and the Federal Reserve Introduction Sound economic performance requires both financial stability and monetary stability. ... (more) FRB: Press Release--Joint statement by Treasury and ...

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Comments vote downundo vote up Across the Curve found this 3/24/2009found this

9

hussmanfunds.com - 3/23/2009

Weekly Market Comment: Fed and Treasury - Putting off Hard Choices with Easy Money (and Probable ...

— hussmanfunds.com — March 23, 2009 Fed and Treasury - Putting off Hard Choices with Easy Money (and Probable Chaos)... John P. Hussman, Ph.D. All rights reserved and actively enforced. Reprint Policy Last week, the Federal Reserve announced its intention to purchase a ... (more) Weekly Market Comment: Fed and Treasury - Putting off ...

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Treasury Bills

Comments vote downundo vote up Technically Speaking, Market Analysis and Theory found this 3/23/2009found this

4

money.cnn.com - 3/23/2009

Should USA still be AAA? - Mar. 23, 2009

— money.cnn.com — NEW YORK (CNNMoney.com) -- When the Federal Reserve announced last week it was buying $300 billion in... long-term Treasury notes, the move was viewed as one of the safer bets the central bank has made recently. After all, the Fed has either bought or ... (more) Should USA still be AAA? - Mar. 23, 2009

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Comments vote downundo vote up Abnormal Returns found this 3/23/2009found this

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Fed Watch: Fed-Treasury Accord
Economist's View — ... yesterday afternoon that was lost amid the official release of the Geithner Plan (hat tip Across the Curve).  Clearly, it reveals the concerns of the Federal Reserve that its expansive role in the crisis will eventually threaten monetary independence, and thus wants that right/privilege reasserted: ...

On bags and their holders
self-evident — ... to a tax on economic activity in general. In the case of the Fed, things get more interesting. If the Fed makes a loan that never gets repaid, that money “escapes” and is no longer part of the monetary base under their control. In short, if the Fed made enough bad loans, the end result would be some form of currency devaluation, aka. inflation, as the Fed lost control of the money supply. But the Fed does not intend to let that happen. In a little-noticed joint statement yesterday, the Treasury and Federal Reserve said: Actions ...

Money creation and the Fed
Econbrowser — ... And the following clause in the joint Fed-Treasury statement suggests that perhaps the Fed intends this, like most of the previous balance sheet changes, to not be allowed to impact total currency in circulation: the Treasury and the Federal Reserve are seeking legislative action to provide additional tools the Federal Reserve can use to sterilize the effects of its lending or securities purchases on the supply of bank reserves. John Jansen (hat tip: Tim Duy) construes that clause to mean that the Fed is going to request ...