Federal Reserve Bank of New York

An open book sitting on a grassy sand dune on a beach.
Christopher D. Armstrong
June 24, 2020 10:41 AM

Business continuity plans should be used constantly, not just when the crisis is at its peak, says the New York Fed’s head of financial services.

3 Min Read
Federal Reserve Bank of New York
Chip Barnett
April 20, 2020 1:19 PM

Fed officials also talk about the muni liquidity facility and efforts to help the economy in the wake of the COVID-19 pandemic.

4 Min Read
The Fed is establishing two new credit facilities aimed at providing credit to large businesses: the Primary Market Corporate Credit Facility for new bond and loan issuance and the Secondary Market Corporate Credit Facility, which is focused on outstanding corporate bonds.
March 23, 2020 8:25 AM

The Federal Reserve committed Monday to conducting more asset purchases of Treasury securities and mortgage-backed securities and announced $300 billion in new financing for credit facilities.

2 Min Read
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Aaron Weitzman
March 17, 2020 4:26 PM

The municipal market is dealing with a major liquidity event, with massive short-end selling.

7 Min Read
The Fed's latest action came amid calls from several market observers for the central bank to do more to prop up markets in the face of the virus scare.
March 17, 2020 11:07 AM

The central bank said it was establishing the Commercial Paper Funding Facility to "support the flow of credit to households and businesses."

2 Min Read
Diane Swonk, chief economist at Grant Thornton
Gary Siegel
March 16, 2020 9:02 AM

The Federal Open Market Committee lowered the fed funds rate target to between zero and ¼% in an emergency meeting on Sunday, but while analysts say the move was needed, they feel it will take more to offset the effects of COVID-19.

4 Min Read
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Aaron Weitzman
March 12, 2020 3:59 PM

Career veterans call fallout from COVID-19 concerns on the municipal market worse than that of 9/11 and the 2008 financial crisis combined.

9 Min Read
Federal Reserve Bank of New York President John Williams
Chip Barnett
March 6, 2020 2:18 PM

Strong data and reassuring words from a Fed official couldn’t stop market virus fears from spreading.

5 Min Read