Galaki on 23 April 2008
Federal Reserve auctions another US$50B to banks
WASHINGTON - The U.S. Federal Reserve has auctioned another $50 billion in short-term loans to squeezed banks.
It is part of an ongoing effort to relieve stressed credit markets.
Counting the latest results, the central bank now has provided a total of $360 billion in the short-term loans to commercial banks through 10 auctions conducted since December.
The latest auction was held on Monday, with the results announced on Tuesday.
I don't understand econ much. But isn't printing more money cause the dollar to fall?
