Fed to Increase Interest It Pays on Bank Reserves (WSJ, 2008-10-22)

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UsernamemanresU posted on Wed, Oct 22 2008 3:49 PM

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I just read this in the Wall Street Journal:

WSJ:

Normally when the Fed injects funds into markets, it must sell U.S. Treasury securities to drain reserves and keep the federal-funds rate at its target."

This is this ass backwards, right?

http://online.wsj.com/article/SB122469972322859069.html?mod=googlenews_wsj

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