AS: Fed moves
September 15, 2008 at 08:10 AM EDT
[Skip to the end] I’ve been recommending the following for the Fed for quite a while (see Proposals for the Fed): Lower the discount rate the Fed Funds rate and: Accept a pledge of any bank legal collateral from any member bank. Impose no restriction on quantity borrowed. Impose no restriction on the duration of any member bank borrowing. Likewise, remove [...]