In Debate Over Fed Holdings, Officials seek a Fighting colleague to seek the Maximum


WASHINGTON Federal Reserve officials initiated a formal debate at its latest policy meeting on the task of determining the Treasury securities composition that the central bank would have decided upon after its run-off for its asset portfolio.

The debate is focused on how to manage a mix of Exchequer bills, notes and bonds to give the bank the greatest possible burden to stimulate the economy in another recession. This composition will make a significant contribution to markets, and will have implications for the economy and monetary policy because of the … t

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