Tuesday, January 12, 2010

CNBC: Federal Reserve Purchased 80% of Treasury Issues in 2009




News anchor Erin Burnett's throw-away line that the Fed had purchased 80% of new Treasuries goes unchallenged in this discussion on January 8. I'm not sure on what basis that claim is made. Can anyone explain? The Fed's target for Treasury purchases was $200 billion. Treasury issues are far, far higher than that.

1 comment:

Home Refinance Loans said...

I can't comment why this has been done. Later may be.