The Bottom Line
The Federal Reserve is injecting $8 billion into the banking system to ease lending concerns over the holidays.
The Federal Reserve is injecting $8 billion into the banking system to ease lending concerns over the holidays. The $8 billion is effectively a 43-day low-interest loan to banks. “The Fed would like to address the liquidity problems in the markets without resorting to the shotgun approach of changing monetary policy,” said Nomura Securities chief economist David Resler. (The New York Times, free registration required)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- Why Mitt Romney is perfectly poised for a comeback in 2016
- The best places to find love — and lust — according to science
- Why is the West so afraid of Islam?
- What would a U.S.-Russia war look like?
- Here's the schedule very successful people follow every day
- The mystery behind China's aggressive push into space
- 7 grammar rules you really should pay attention to
- 10 things you need to know today: July 31, 2014
- Why GOP reformers are bound to fail
- Don't vote for Andrew Cuomo
Subscribe to the Week