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
- The world's dumbest idea: Taxing solar energy
- Why would a young person today be religious?
- 31 TV shows to watch in 2014
- He said he was leaving. She ignored him.
- Why we can't stop procrastinating, according to science
- Why I'm a pro-life liberal
- Israel and Russia are getting along. Have the neocons noticed?
- Why Holy Thursday is so important to Christians
- How Community's Dean Pelton broke new ground for sexual politics on television
- The 6-year-old who woke up from a coma with a different personality
Subscribe to the Week