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More nonsense from the FED
FED wants to issue its own bonds
The Federal Reserve is considering issuing its own debt for the first time, a move that would give the central bank additional flexibility as it tries to stabilize rocky financial markets.
Government debt issuance is largely the province of the Treasury Department, and the Fed already can print as much money as it wants. But as the credit crisis drags on and the economy suffers from recession, Fed officials are looking broadly for new financial tools.
Some economists worry about the consequences of this approach. Fed officials could find it challenging to remove the cash from…
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