Dallas Federal Reserve Bank President Robert Kaplan poses at a luncheon in El Paso, Texas, U.S., October 2, 2018.Robert Kaplan told Bloomberg on Monday that markets must understand the Fed programs have a "sunset date."
On the primary and secondary credit market facilities, as well as the municipal program, Kaplan said that "usage is not an indicator of the power of the program."Robert Kaplan, president of the Federal Reserve Bank of Dallas, told Bloomberg on Monday that it's very important that the markets understand the Fed-supported programs "will lapse."
Kaplan also said "13 programs have helped backstop these financial markets." Section 13 of the Federal Reserve Act grants the Fed emergency lending authority. The Main Street New Loan Facility and the Primary and Secondary Market Corporate Credit Facilities are all 13 programs.
Kaplan said that "usage is not an indicator of the power of the program. Just by announcing these programs and making clear that we would help provide a backstop to these markets, you've seen a substantial rally and flow of funds into these markets."
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
So he's admitting that the Fed is propping up prices.
Not just “markets” but, you know, people.
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Senator Durbin requests Fed probe card networks - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. pravi_Bosiljcic Eliminating GREED, a great start.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
How the Fed may become insolvent and worsen future crises: Wells Fargo - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. será que começou? I like the words Fed and insolvent in the same sentence Wells Fargo? That bastion of honesty and fair dealing? That Wells Fargo?
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
Here's how you know it's a seller's market in real estate - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Wait until the balloon pops, a big reset is coming.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
The $107,000 Lexus LC500 is the best-kept secret on the car market - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
5 reasons why US housing market will stay strong through the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
Stock market crash risks after COVID-19 vaccine is available: SocGen - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. HEPA and NBLX are my stock picks. Great buy. Good outlook.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »