Fed officials split on buying long-term Treasuries

02/9/2009 | Bloomberg

Despite concerns that rising Treasury yields could obstruct efforts to lower borrowing costs, differences of opinion within the Federal Reserve have prevented the central bank from going ahead with the purchase of long-term Treasuries. Minutes of the Federal Open Market Committee suggest that there are serious reservations about Chairman Ben Bernanke's suggestion that the bank buy Treasuries to help loosen up lending to consumers and businesses.

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