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 ...
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 ...
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Its latest efforts may not move the dial much. The Fed’s discount window and the Standing Repo Facility (SRF) are credit backstops where lenders can get cash against collateral such as Treasury ...