20 Mar 2020 The Fed is Now Intervening Across the Board, Almost, Good

Ian Shepherdson (Chief Economist and Founder)19th Mar 2020 19:20U.S., Economic Monitor

The Fed's announcement, at 11.30pm Wednesday, that it will establish a Money Market Mutual Fund Liquidity Facility--MMLF--to support prime money market funds, is another step to limit the emerging credit crunch triggered by the virus.

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