Federal Reserve System publishes annual audited financial statements

Quote from bkveen3:

If only it were a full review. If it were why do they have a problem getting a congressional review?

Paul should call his efforts 'audit monetary policy' not 'audit the fed'. You dont think interest rates are low enough right now? :p
 
Quote from Daal:

Martin, what is going on with USD 3m libor?It doesnt stop going up
Daal, there's so many different ideas floating out there, I am having a hard time filtering the signal out...

Personally, I'd say it's more of a reaction to a bid in the FF mkt. I keep hearing that there are all sorts of people on the bid and they're getting more aggressive, if anything. Or maybe it's because of the BoC showing people which way the wind is blowing. Not clear at this stage.
 
I'll get a wee bit more color for you tomorrow, Daal... I haven't got anything in USD at the moment, so I haven't been following it that closely.
 
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