Nick Timiraos
@NickTimiraos
Chief economics correspondent, The Wall Street Journal • Author, "Trillion Dollar Triage”
23-07-2009 22:06:04
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Question to Waller from David Wessel: Why not just stop balance sheet runoff now so you don't have to pussyfoot around and find the appropriately low level of reserves?
Waller points to this paper. There's bad optics of paying excessive interest to banks research.stlouisfed.org/wp/more/2010-0…