The US Federal Reserve said Wednesday it may pump more money into the jittery financial system when the stock markets open for trading to meet increased liquidity demands.
The Federal Reserve Bank of New York said that market conditions suggest that an injection will be needed in the federal funds market “to accommodate heightened reserve needs.”
The operation would be conducted at the bank’s desk opening at 9:30 am (1330 GMT), it said in a statement. The Wall Street markets open at that time.
The New York Fed, which is responsible for such operations for the central bank, said it “stands ready to conduct further operations later in the day if needed.”
The Fed pumped a total 64 billion dollars into the financial markets in operations on Thursday, Friday and Monday to soothe investors’ fears over a credit crunch tied to the troubled US housing sector.
I think I am going to contact the FED and ask for money to buy a house. I figure if they are going to pump billions of dollars into the market for the patehetic financial decisions millions made in the last 5 years, why wouldn’t they give me some money for a sound one?
I think I am going to contact the FED and ask for money to buy a house. I figure if they are going to pump billions of dollars into the market for the patehetic financial decisions millions made in the last 5 years, why wouldn’t they give me some money for a sound one?
I think I am going to contact the FED and ask for money to buy a house. I figure if they are going to pump billions of dollars into the market for the patehetic financial decisions millions made in the last 5 years, why wouldn’t they give me some money for a sound one?
That’s funny. I think I will ask them for help too in the form an interest-free loan. Seriously, the Feds are like parent banks and all the other banks are children banks. The parent banks have to help out the children banks when they get in trouble.
That’s funny. I think I will ask them for help too in the form an interest-free loan. Seriously, the Feds are like parent banks and all the other banks are children banks. The parent banks have to help out the children banks when they get in trouble.
