Heard on the Street: Allowing foreign central banks to access the Fed’s repo facilities is effectively cost-free, benefits American lenders and borrowers, and cements the dollar’s dominance
“They must lend to merchants, to minor bankers, to ‘this man and that man,’ whenever the security is good. In wild periods of alarm, one failure makes many, and the best way to prevent the derivative failures is to arrest the primary failure which causes them,” said British journalist Walter Bagehot in 1873, illustrating how central banks should behave during periods of financial panic.
Late on Tuesday, the Federal Reserve, which didn’t exist at the time of Bagehot’s magnum opus, came a step closer to the “this man and that...
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Fed balance sheet increases to record $5.86 trillionThe Federal Reserve's balance sheet increased to a record $5.86 trillion this week and the central bank reported greater use of some of its newly launched liquidity facilities, all part of its efforts to keep markets functioning smoothly amid heightened volatility related to the coronavirus pandemic.
Consulte Mais informação »
Grocery Workers Keep America Fed, While Fearing For Their Own Safety'It's definitely eye-opening,' says a Kroger cashier in West Virginia. 'Because people are now saying: 'Oh, my God, these people [working at grocery stores] deserve hazard pay.' But these are the same people who say we don't deserve $15 an hour.'
Consulte Mais informação »
Tenants fed up with noise, dust, and water shutoffs from renovations amid coronavirusSome tenants have been alarmed that vacant apartments are continuing to be renovated in apartment buildings during the COVID-19 pandemic, questioning why such work is being permitted to proceed.
Consulte Mais informação »
Indonesia central bank says in talks with U.S. Fed, China on swap linesIndonesia's central bank and the U.S. Federal Reserve have been 'discussing intensively' for a potential currency swap and repurchase line, Bank Indonesia (BI) Governor Perry Warjiyo told a call with investors on Thursday.
Consulte Mais informação »
Indonesia central bank says in talks with U.S. Fed, China on swap linesIndonesia's central bank and the U.S. Federal Reserve have been 'discussing intensively' for a potential currency swap and repurchase line, Bank Indonesia (BI) Governor Perry Warjiyo told a call with investors on Thursday.
Consulte Mais informação »
Leonardo DiCaprio and Apple Launch America’s Food Fund to Help Those Affected by COVID-19World Central Kitchen and Feeding America are getting some hefty celebrity funding thanks to a GoFundMe created by Leonardo DiCaprio and Apple
Consulte Mais informação »