When It Comes to Monetary Policy, It’s Deja Vu All Over Again

When the Federal Reserve announced its Commercial Paper Funding Facility last week, a facility that hasn’t operated since the 2008 financial crisis, many commentators and analysts jokingly wondered when the Fed would bring back other 2008-era rescue vehicles, such as the Term Auction Facility, the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, and […]

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