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August 5, 2008

Federal Reserve Extends Extraodinary Liquidity Measures

As we all know, this economic "downturn" is not over.  The Federal Reserve has been very innovative in developing new tools to enhance liquidity in the U.S. financial system.  Check out the Fed's recent press release which lists and explains some of these new tools -- but also notes that they are still needed and their authorization is being extended.

Link to FRB Press Release:  https://www.federalreserve.gov/newsevents/press/monetary/20080730a.htm

(ag) Aug. 5, 2008, in FRB

August 5, 2008 in Federal Banking Agencies - FRB | Permalink

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