Already purchasing $20B/month of government debt with the proceeds of maturing bonds, the Fed...

|By:, SA News Editor

Already purchasing $20B/month of government debt with the proceeds of maturing bonds, the Fed next week will likely just announce an increase in its targeted duration, says Antulio Bomfim of Macroeconomic Advisers. One current meme - that of the Fed cutting interest paid on reserves - "could backfire," he contends.