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Fed to buy short-term debt of Fannie, Freddie & FHLB

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  • Fed to buy short-term debt of Fannie, Freddie & FHLB

    Press Release: Statement Regarding Planned Purchases of Agency Debt Federal Reserve Bank of New York
    1:39 PM

    Statement Regarding Planned Purchases of Agency Debt

    The Federal Reserve has announced that the Open Market Trading Desk (Desk) will begin purchasing short-term debt obligations issued by Fannie Mae, Freddie Mac and the Federal Home Loan Banks in the secondary market for the System Open Market Account.
    It's Economics vs Thermodynamics. Thermodynamics wins.

  • #2
    Re: Fed to buy short-term debt of Fannie, Freddie & FHLB

    So who is selling? Is this not barefaced monetization?! Am I the only one who thinks this is huge?!
    Last edited by *T*; September 19, 2008, 10:21 AM. Reason: incredulity
    It's Economics vs Thermodynamics. Thermodynamics wins.

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