TITLE

Banks Central to Inflation-Fighting Plan

AUTHOR(S)
Sloan, Steven
PUB. DATE
February 2010
SOURCE
American Banker;2/11/2010, Vol. 175 Issue 23, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses plans by U.S. Federal Reserve chairman Ben Bernanke for withdrawing liquidity from the U.S. financial system. Rather than manipulate the federal funds rate, Bernanke may choose to increase the rate of interest the Fed pays on reserves kept on deposit with it by U.S. banks. Higher interest rates will attract more reserves, thus diminishing loan volume.
ACCESSION #
48066835

 

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