Sep 26

Bank Suit Could Complicate the Fed’s Rate Policy.

Category : Press

“A lawsuit against the Federal Reserve Bank of New York could complicate the central bank’s effort to control short-term interest rates at a time when investor scrutiny of those markets is intensifying. TNB USA Inc. contends in a federal suit filed in late August that it has been wrongly blocked in its pursuit of a “master account” at the Fed that would allow it to earn interest on deposits placed on the Fed’s books.”

Article by Michael S. Derby,

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