Word: feds
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...days after the U.S. economy was officially declared to be in recession, five individuals proposed to members of the Federal Reserve in Washington, D.C. that they cut the federal interest rate by half a percent. The advisers were not world-renowned economists but rather members of the Harvard College Fed Challenge Team...
According to team president Stephanie H. Lo ’10, the Harvard squad suggested that the Fed lower the Commercial Paper Funding Facility (CPFF) rate and that the CPFF take trade credits as collateral...
Using trade credits for collateral “is an extremely novel idea,” Lo said. “Everyone talks about the Fed funds rate...and I think they were looking for a deeper understanding of the economy...
...issue for the policy makers in the Fed is that interest rates are low but it is clear that our economy is still in trouble,” Motley said. “Their main tool is interest rates. Now that they have done almost all they can with that, the question is what is left...
...tradition, the Fed Challenge Team has been very independent and very student-run,” Lo said...