Andrew Levin on the Costs and Benefits of QE4 and the Future of the Fed’s Balance Sheet
Macro Musings with David Beckworth
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The Secretary of the Treasury Should Sign Off on the Federal Reserve's Emergency Credit Facility Reports
The GAO should look and then do reports on the Fed's balance sheet. If the Federal Reserve is going to do major operations that affect the maturity composition of the consolidated government debt, the secretary of the Treasury should be involved in that process. It could be quite parallel to what Congress initiated under Dodd-Frank with emergency credit facilities.
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