Fed to Increase Interest It Pays on Bank Reserves (WSJ, 2008-10-22)

[UsernamemanresU]

I just read this in the Wall Street Journal:

@WSJ

Normally when the Fed injects funds into markets, it must sell U.S. Treasury securities to drain reserves and keep the federal-funds rate at its target."

This is this ass backwards, right?

http://online.wsj.com/article/SB122469972322859069.html?mod=googlenews_wsj