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Fed Watch: Johnson and Kwak vs. Bernanke external link

Economist's View | by Mark Thoma | Fri, Apr 3

Then in March, the Fed said that it will begin buying long-term Treasury bonds on the open market, hoping to push down long-term interest rates (by increasing the amount of money available for long-term lending) and thereby stimulate borrowing. The implication is that the Fed will finan...

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