New York Fed Adds (Another) $47 Billion to Financial System

 

What’s 47 billion dollars? Just “add” it.

(From Morningstar)

The Fed began offering repo loans last month after a shortage of available cash in the financial system led repo rates to climb as financial companies scrambled for overnight funding. The actions marked the first time since the financial crisis that the Fed had taken such actions.

Click here for the article.

Reprinted from: https://www.ac2news.com/2019/10/new-york-fed-adds-another-47-billion-to-financial-system/

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