To the Point
Fed Tries to Help Credit Market
The Federal Reserve has taken its strongest action yet to unfreeze the credit markets. Chairman Ben Bernanke, speaking to a business group in Washington this afternoon, announced "a new facility that will help provide liquidity to term funding markets by purchasing three-month commercial paper and asset-backed commercial paper directly from…
By Warren Olney • • 1 min readThe Federal Reserve has taken its strongest action yet to unfreeze the credit markets. Chairman Ben Bernanke, speaking to a business group in Washington this afternoon, announced "a new facility that will help provide liquidity to term funding markets by purchasing three-month commercial paper and asset-backed commercial paper directly from eligible issuers." Peter Coy is economics editor at BusinessWeek magazine.
The full episode
1 of 3
Seven Hundred Billion Dollars Might Not Be Enough- 1:25Fed Tries to Help Credit MarketYou’re reading this
- 7:29The Growing Credit Crisis
- 41:03The Campaign Gets Nasty Heading into Second Debate
The full episode
1 of 3Seven Hundred Billion Dollars Might Not Be Enough- 1:25Fed Tries to Help Credit MarketYou’re reading this
- 7:29The Growing Credit Crisis
- 41:03The Campaign Gets Nasty Heading into Second Debate