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Alan Blinder: Easing Angst About Fed Easing
By paying less interest on excess bank reserves, the Federal Reserve would reduce its liabilities. Then it could sell an equal amount of assets.
Last month, a flurry of ill-informed speculation swept through the markets: TheFederal Reserve might start backing away from its program of large-scale asset purchases ("quantitative easing"), or maybe even begin to raise the federal funds rate, before the end of the year.
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Posted: March 12, 2013 Tuesday 07:08 PM