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October 29, 2007

All Business: Fed actions sure look like a bank bailout

  • The central bank has been quietly tinkering with its own rules to infuse billions of dollars into a marketplace paralyzed by the intensifying credit crisis.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — There's no need to wait for a government bailout of the distressed banking system. The Federal Reserve has already begun doing so.

    While much of the focus among investors has been on what the Fed will do with short-term interest rates, the central bank quietly began tinkering with its own rules in August to infuse billions of dollars of liquidity into a marketplace paralyzed by the intensifying credit crisis.


     
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