Use your powers, Federal Reserve Board!

The Federal Reserve Board should act more forcefully to help the struggling U.S. econony by: 1) Funding a massive refinancing of home mortgages that would revive the housing market and free up money for other consumer spending.) (2) Ending interest payments on idle reserves that banks are just sitting on and, instead, rewarding banks that are lending freely. (3) Accepting infrastructure bonds as collateral on the Fed’s lending, to lure big investors like China from low-yield Treasury bonds to higher-yielding projects such as high-speed rail.