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
- What would a U.S.-Russia war look like
- What the collapse of the Ming Dynasty can tell us about American decline
- What would a U.S.-Russia war look like?
- Here's proof that Justin Bieber is just as spoiled as you always thought
- 7 ways to be the most interesting person in any room
- Why is American internet so slow?
- What would a U.S.-China war look like?
- Why is it so expensive to build a bridge in America?
- The worrying rise of the anti-vaccination movement
- Who are the real gay marriage bigots?
Subscribe to the Week