2 ms·
> What are you hinting at? I'm just restating what was in the article, for example when it talks about "accounting gimmicks" that the Treasury uses to circumve
by pdonis 3y ago
> What are you hinting at?
I'm just restating what was in the article, for example when it talks about "accounting gimmicks" that the Treasury uses to circumvent the debt ceiling. The Fed, as you say, cannot overrule Treasury, so if the Treasury tells the Fed to play a particular role in its accounting gimmicks (which it does), the Fed has no choice but to do so.