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Federal_Reserve_Board_of_Governors

The Fed Has Secreted Away the Transactions of Three of Its Emergency Lending Programs…

August 3, 2020 at 4:55 pm

Federal Reserve Chairman Jerome Powell and Randal Quarles, the Vice Chairman for Supervision at the Fed, have stated in testimony before Congress that they would be providing transaction level details of their Section 13(3) Emergency Lending Facilities on a regular, ongoing basis. But the three oldest of those facilities, the Primary Dealer Credit Facility (PDCF), […]

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