As “lender of the last resort,” the Federal Reserve makes credit available to financial institutions on an overnight basis through its discount window. According to the Fed, the discount ...

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In a two-part speech delivered Tuesday night and Wednesday morning, Fed Vice Chair Philip Jefferson delved into the history of the discount window, an arc that saw the facility transform from a ...

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Recommended Reading Fed nominees stress inflation control but otherwise stay vague Federal Reserve Vice Chair for Supervision Michael Barr emphasized the discount window's importance and revealed ...