Global Market: Fed's Jefferson says lending facility improvements support market liquidity
Federal Reserve Vice Chair Philip Jefferson said recent improvements to the discount window have made emergency borrowing easier, faster and more efficient for banks. Enhanced access to liquidity can support financial stability, prevent forced asset sales during market stress and improve monetary policy implementation. Jefferson noted that 60% of loans now use the self-service portal.
Key Takeaways
- Federal Reserve Vice Chair Philip Jefferson said recent improvements to the discount window have made emergency borrowing easier, faster and more efficient for banks.
- Enhanced access to liquidity can support financial stability, prevent forced asset sales during market stress and improve monetary policy implementation.
- Jefferson noted that 60% of loans now use the self-service portal.
Federal Reserve Vice Chair Philip Jefferson said recent improvements to the discount window have made emergency borrowing easier, faster and more efficient for banks. Enhanced access to liquidity can support financial stability, prevent forced asset sales during market stress and improve monetary policy implementation. Jefferson noted that 60% of loans now use the self-service portal.
Original Publisher Attribution
This summary was curated from Economic Times.