Fed officials divided on program to purchase Treasuries

02/9/2009 | Bloomberg

A split has developed within the Federal Reserve on whether the central bank should buy long-term Treasuries. The debate comes as rising yields on the securities counteract the Fed's efforts to cut borrowing costs. "We were kind of a little surprised when the Fed wanted to go down this route," said John Ryding, founder and chief economist of RDQ Economics.

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