What does the Fed use for open market operations if there are no treasuries?

John K. Taber jktaber at tacni.net
Tue Apr 17 18:37:49 PDT 2001

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A question asked in the latest FOMC Alert http://www.fmcenter.org/

Any answers?

How will the Fed control the monetary system without its main tool, Federal debt?

Does the Fed disappear? Do we return to the historical anti-centralized banking ideology of the 18th and 19th centuries?

-- John K. Taber