Business
Too big to fail: How the Fed averted another financial crisis – Sydney Morning Herald
The Federal Reserve Board’s massive injections of liquidity into US financial markets in March may have prevented the markets from breaking.
In a speech earlier this month, New York Fed President John Williams said the markets for Treasury securities and mortgage-backed securities, which were normally highly liquid, nearly “buckled” under the strain of the massive flows of funds in response to the pandemic.
The market for Treasury securities provides the foundation of the US financial system and is a key plank in fact, the key plank – within the global system.
[The Fed’s action’s] did buttress the markets conviction that in any mom…
-
General18 hours agoTwo people arrested after man fatally shot at McLaren Flat
-
General9 hours agoICAC investigating University of Wollongong as chancellor grilled at Inquiry
-
General16 hours agoWarner Bros Discovery board rejects rival $163bn bid from Paramount
-
General22 hours agoMan refused bail charged with depicting Adolf Hitler and Nazi symbols on boat