The Federal Reserves' balance sheet hit a record $5.3 trillion. The two emergency lending programs are the primary dealer credit facility and the money mutual fund liquidity facility which made their first appearance on the Fed's balance sheet. Their balance sheet is expected to continue to grow in order to keep credit flowing through all corners of the financial market including Treasurys, commercial paper, and municipal bonds. In an interview with Fed Chairman Jerome Powell said there is basically no limit to the Fed's emergency lending ability.
https://www.marketwatch.com/story/fed-balance-sheet-hits-record-as-powell-says-there-is-no-limit-to-lending-power-2020-03-26?mod=economy-politics
No comments:
Post a Comment