WSJ: Covid Supercharges Federal Reserve as Backup Lender to the World

When the coronavirus brought the world economy to a halt in March, it fell to the U.S. Federal Reserve to keep the wheels of finance turning for businesses across America.

And when funds stopped flowing to many banks and companies outside America’s borders—from Japanese lenders making bets on U.S. corporate debt to Singapore traders needing U.S. dollars to pay for imports – the U.S. central bank stepped in again.

The full article is available at

Related Posts

Previous Post
OCC seclending volumes down 9.7% in July 2020 year over year
Next Post
FICC Market Standards Board warns of potential market abuse risks from Machine Learning

Fill out this field
Fill out this field
Please enter a valid email address.


Reset password

Create an account