Federal Reserve Establishes Lending Facility To Back Up Money Market Mutual Funds
The Fed will receive $10 billion from the Treasury Department to cover potential losses in loans made to eligible financial institutions, to backstop the money market mutual fund industry.
by Scott Neuman
Mar 19, 2020
1 minute
In its latest move to cushion the economic shock caused by the novel coronavirus pandemic, the Federal Reserve announced late Wednesday that it would create a lending
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