CHARLESTON, South Carolina (Reuters) - Federal Reserve buying of longer-dated Treasury securities ought to lower interest rates, but this potentially inflationary stimulus may prove tough to unwind, a top Fed policy-maker said on Thursday.
Reuters: Top News, Reuters
Thu, 03/26/2009 - 8:36am
CHARLESTON, South Carolina (Reuters) - Federal Reserve buying of longer-dated Treasury securities ought to lower interest rates, but this potentially inflationary stimulus may prove tough to unwind, a top Fed policy-maker said on Thursday.