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US interest rate policy changes

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05-07-2008, 05:27 AM

Skydaemon

Jedi Knight

Join Date: Jul 2007

Posts: 527

US interest rate policy changes

fed wants to pay interest to banks on reserves up to the fed rate

I read this as the fed has figured out how to give banks money at 0% interest rates.

Wouldn't mind thoughts on this, including whether I'm just reading it wrong.

// edit, never mind it's not, I just read it wrong, it's only for customer deposits.

Last edited by Skydaemon; 05-07-2008 at 05:31 AM.

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