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Authorized for public release by the FOMC Secretariat on 03/04/2015 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DIVISION OF MONETARY AFFAIRS Date: April 23, 2009 To: Federal Open Market Committee From: Brian F. Madigan Subject: The Effects on Interest Rates of Federal Reserve Asset Purchases The attached note by Joe Gagnon examines recent evidence regarding the effects on interest rates of Federal Reserve asset purchases. Page 1 of 1
@FedFRASER