Basically eliminates any limits on the amount of liquidity the Fed can inject
Board announces that it will begin to pay interest on depository institutions required and excess reserve balances.
"The Lock-In Effect of Rising Mortgage Rates"
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Today, in the Calculated Risk Real Estate Newsletter: "The Lock-In Effect
of Rising Mortgage Rates"
A brief excerpt:
Here is new working paper from Feder...
3 hours ago
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