Federal Reserve's Corporate Credit Facilities: Why, How, and for Whom
October 21, 2020
October 21, 2020
NEW YORK, Oct. 21 -- The Federal Reserve Bank of New York issued the following remarks on Oct. 20 by Executive Vice President Daleep Singh at the U.S. Chamber of Commerce's Center for Capital Markets Competitiveness:
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As all of you know, in March the Federal Reserve--with backing from the U.S. Treasury--created a set of facilities to purchase corporate credit for the first time in its history. Many observers have credited the facilities with repairing market functi . . .
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As all of you know, in March the Federal Reserve--with backing from the U.S. Treasury--created a set of facilities to purchase corporate credit for the first time in its history. Many observers have credited the facilities with repairing market functi . . .