Treasury Secretary choices
November 10, 2008 at 06:52 AM EST
[Skip to the end] (email exchange) > > On Fri, Nov 7, 2008 at 11:12 PM, wrote: > > Geithner’s very smart, > Then why couldn’t he even hit his Fed funds target? When I asked operations people at the NY Fed why they can’t just make a one basis point market around the target they said that would mean continuous ‘intervention’ [...]
