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Pastimes : All Clowns Must Be Destroyed
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To: KeepItSimple who wrote (18508)3/17/2000 2:26:00 AM
From: Dwight E. Karlsen  Read Replies (1) of 42523
 
Well, I do think that the Fed should let the discount rate float to whatever level it wants to. By the continued buying back of bonds, they are certainly "intervening" at least in that part of the market.

I'm certainly no expert on the subject. I'm just saying that at least to the public's knowledge, the Fed is not directly intervening, a la Taiwan's Govt.
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