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These brief essays delve into the economic issues of the day for a generally informed readership.

2009, No. 25 (Posted 2009-05-18)

The Effect of the Fed’s Purchase of Long-Term Treasuries on the Yield Curve

by Daniel L. Thornton

Chairman Bernanke seems to suggest that the purchase of a large quantity of longer-term government securities might reduce longer-term rates.

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