‘Club Fed’: The Cozy Ties Between Fed And Big Investors

The minutes from that same gathering of the powerful Federal Open Market Committee, or FOMC, are made available to the public — but only after a three-week lag. So [former Fed governor Larry] Meyer’s clients were provided with a glimpse into what the Fed was thinking well ahead of other investors.

His note cited the views of “most members” and “many members” as he detailed increasingly sharp divisions among the officials who determine the nation’s monetary policy.

Read more: Salient Partners, Mortgages, Pimco, Subprime Mortgages, Federal Reserve, Larry Meyers, Money Managers, Alan Greenspan, Brookings Institution, Federal Open Market Committee, Investors, Business News


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