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Kevin Warsh says that "the uncertainty resulting from the regulatory and legal environment has had meaningful economic implications for business investment and cash holdings.”
Stephen Taub, CFO.com | US
July 18, 2006
Is the Fed taking this hording into effect when they calculate the money supply and the need to raise interest rates further? This hoarding -- to the extent it places funds in short-term instruments -- affects the money supply as well as the cost of capital.
Posted by Robert Barker | July 18, 2006 08:11 pm
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