A POMO Picture is Worth a Thousand Words
28 October 2010 at 7:37 am Peter Klein Leave a comment
| Peter Klein |
Not “pomo” as in Pomo Periscope, but “POMO” as in Permanent Open Market Operations. A fascinating graphic from Bob English (via EB) showing how the Fed is using its new tool (click to enlarge). In case you were worrying about the Fed “standing idly by” . . . .
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