Federal Reserve Bank of New York Moves to Keep Money Market Calm Amid Coronavirus Impact on Equity Markets
Posted on 03/09/2020
The Federal Reserve Bank of New York revealed that it will increase the amount of money it is offering to banks for their short-term funding needs. The bank said it is ramping up its overnight cash injections from at least US$ 100 billion to at least US$ 150 billion through March 12, 2020. The bank […]
