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Science Forum Index » Economy Forum » Feds invent new scam to transfer tax payer's money to banks
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 Posted: Tue Apr 29, 2008 4:52 pm |
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Federal Reserve May Seek Authority to Pay Interest on Reserves
Federal Reserve policymakers will discuss paying interest on bank
reserves in a closed door meeting on Wednesday. Such a move could in
theory allow the Fed to expand its liquidity support operations
without limit.
Under a law passed in 2006, the US central bank will gain the
authority to pay interest on reserves in 2011. |
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