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Pastimes : All Clowns Must Be Destroyed

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To: sammaster who wrote (5782)2/1/2000 4:03:00 PM
From: clochard  Read Replies (1) of 42523
 
I was wondering if the fed even mattered anymore. Since they don't borrow money anymore, what is their effect on the markets anyway. They can set interest rates that the banks get, but do they really lend them that much? When all the short term debt out there needs to be refinanced, its not the fed that's lending, its the rest of the world, and they will want a higher rate parting with their government paper.
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