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Fed Will Buy Up Short-Term Debt to Boost Credit

New plan to ease credit pushes the central bank toward a commercial bank role

By Clay Dillow, Newser Staff

Posted Oct 7, 2008 8:35 AM CDT

(Newser) – The Federal Reserve today launched a new plan to buy up companies’ unsecured short-term debt in yet another effort to unfreeze the credit markets, the New York Times reports. Underscoring a sense of urgency on Wall Street as the crisis spread across Europe and Asia... Read full story »

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Fed Will Buy Up Short-Term Debt to Boost Credit

New plan to ease credit pushes the central bank toward a commercial bank role

Ben Bernanke • Federal Reserve • credit market • credit crisis • commercial paper • bailout

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