Lacker Argues Fed Should Have Bought Treasuries to Ease Crisis

The extraordinary actions taken by the Fed during the financial crisis were a “problematic exercise in credit allocation,” according to Federal Reserve Bank of Richmond President Jeffrey M. Lacker, who added purchases of U.S. Treasury securities could have created the same “expansion of reserve supply.”

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_481/fed-should-have-bought-treasuries-1027553-1.html

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