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Federal Reserve Ups Its Game to Provide Needed Liquidity for State and Local Government Bonds

Posted by Jerry Madden | Apr 09, 2020 | 0 Comments

"The Federal Reserve said it could pump $2.3 trillion into the economy through new and expanded programs it announced on Monday, ramping up efforts to help companies and state and local governments suffering financially amid the coronavirus."

"The Fed's moves expand its emergency lending powers into new territory. It has not previously used its authorities to buy municipal debt or lower-rated company debt, out of concern about credit risk and to avoid picking winners and losers." 

https://www.bloomberg.com/news/articles/2020-04-09/fed-unleashes-fresh-steps-for-as-much-as-2-3-trillion-in-aid?srnd=premium

About the Author

Jerry Madden

Jerry Madden is a highly experienced and accomplished federal trial and appeals lawyer practicing in Washington, D.C.

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