Jeanna Smialek on *Limitless: The Federal Reserve Takes on a New Age of Crisis*
Macro Musings with David Beckworth
00:00
The Limitless Idea of the Bank Terms Funding Program
David Rothkopf: Some of the discomfort we see is just simply growth pains on the road to more transparency. The Fed's bank term funding program was for some a big deal, he says. "I think this was a preemptive use of the Fed's emergency lending program facilities" He thinks it could be an important tool in dealing with future financial meltdowns.
Transcript
Play full episode
