Thursday, August 20

Topic: federal-reserve

The interior banking hall of a bank
Economy
Friday, 7/24, 07:26 AM

The discount window: how the Fed lends to banks when no one else will

  • Behind the headline interest rate sits a quieter tool that only matters when things go wrong: the discount window, where banks borrow directly from the Federal Reserve against collateral.
  • The rate they pay is the discount rate.
  • It is the plumbing that lets the Fed act as lender of last resort, and it is where banking crises are fought.
The Seat of the European Central Bank in Frankfurt at dawn
Economy 49 d

At Sintra, Central Bankers Take the Measure of a New Fed Chief

  • At the European Central Bank's annual forum in Sintra, Portugal, the world's top central bankers got their first extended look at new U.S.
  • Federal Reserve Chair Kevin Warsh — who stressed the Fed's independence and a focus on still-high inflation.

In brief

In brief

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