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

Charles Brown CharlesB at CNCL.ci.detroit.mi.us
Wed Apr 18 10:30:47 PDT 2001



>>> jktaber at tacni.net 04/17/01 09:37PM >>>
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?

(((((((((((

CB: Does the U.S. have a central banking ideology today ? I thought it was a stock market centered system.



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