Fed considers issuing debt for first time

12/10/2008 | Wall Street Journal (free content), The · Reuters

Issuing debt would give the Federal Reserve increased flexibility in its quest to stabilize the financial system, but it also raises questions. The Fed already has the ability to print as much money as needed, and government debt issuance is a Treasury function. Fed officials, who already broached the idea with Congress, are searching for tools to battle the credit crunch and recession.

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Wall Street Journal (free content), The · Reuters

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