Defending the Yen Is Treasury's Job. The Fed Shouldn't Take It
· realclearmarkets.com
Last week, the Federal Reserve ran a facility that lent foreign central banks exactly nothing -- and has done so for eight weeks running. So it was a strange moment for the Treasury Secretary to go on
Last week, the Federal Reserve ran a facility that lent foreign central banks exactly nothing -- and has done so for eight weeks running. So it was a strange mo...