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Fed Boosts Cash Auctions to $900 Billion, May Do More
 
Published by kidmercuryblog
10-06-2008

Fed Boosts Cash Auctions to $900 Billion, May Do More

Inflationary actions. We are seeing dollar strengthening, but this money is going to find its way into the economy, probably commodities, which will send prices up. -- KM

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The Federal Reserve will double its auctions of cash to banks to as much as $900 billion and is considering further steps to unfreeze short-term lending markets as the credit crunch deepens.

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