Transcripts of the monetary policymaking body of the Federal Reserve from 2002–2008.

There’s not really a policy reason. I would say there’s a legal reason. The statute allows us to pay interest only on balances held by depository institutions. My own view is that it would be a good thing if we were able to pay interest to the GSEs exactly for the reasons that we’ve been discussing. It might be something we could seek authority for at some point in the future.

Keyboard shortcuts

j previous speech k next speech