NY Fed’s Logan says Fed emergency lending programs could be revived if needed

NY Fed’s Logan says Fed emergency lending programs could be revived if needed

By Jonnelle Marte
December 1, 2020, Reuters

The emergency lending programs the Federal Reserve set up during the pandemic served as helpful backstops and could be revived quickly if needed after they expire at year end, a senior New York Federal Reserve official said on Tuesday.

“From an operational perspective, we could reinstate the expiring facilities quickly if needed,” said Lorie Logan, manager of the System Open Market Account, during a virtual discussion organized by the Money Marketeers of New York University.

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