"The Federal Reserve today added $19 billion to the system through the purchase of mortgage-backed securities, then $16 billion in three-day repurchase agreements. The Fed also added money on Thursday."
Couple of questions:
Has the Fed purchased mortgaged-backed securities before?
And, if so, now often?
Ah. News item is wrong...it's not a "purchase," it's collateral.
Edited by Jnavin, 10 August 2007 - 12:21 PM.