AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
[ILLUSTRATION OMITTED]
ITEM: An editorial entitled "The Federal Reserve acts boldly to ease credit conditions" in the Seattle Times for March 20 commented: "The Federal Reserve decision to pump another trillion dollars [more precisely: $1.15 trillion] into the economy still has the capacity to raise eyebrows."
The "new money," said the editors of the Seattle paper, "lowers interest rates for interbank transactions, and creates an incentive to loan money. The Fed is watching its balance sheets as it tries to use the sticks and carrots of a central bank to get lenders to put money into the economy. For as frightfully big as the numbers appear, this ...