The Fed is Bailing Out Foreign Central Banks

Mar 31st 2020 12:30pm EDT

Now the Federal Reserve is bailing out foreign central banks. In an announcement this morning, the Fed said it was expanding its massive effort to keep credit flowing to American businesses and households in spite of the coronavirus-fueled global economic depression. It has established a new “temporary repurchase agreement facility”—also known as a “repo facility”—that […]

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