Federal Reserve printing more money?

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Galaki

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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?

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luinil

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luinil on 23 April 2008

That and spending it too freely whilst we are still in debt.

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FreeTalkLive on 25 April 2008

luinil said:
That and spending it too freely whilst we are still in debt.

The US is always in debt. Why do you say still in debt? Every President/Congress votes to increase the debt.

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