Lev Menand on *The Fed Unbound: Central Banking in a Time of Crisis*
Macro Musings with David Beckworth
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Air Sats Discount Window
The fed stepped in and used what i call air sats discount windows, to lend to support these issuers. And now we have stable point, and we will get back to which is a new, anew area of that wasn't significant in march 20 20. The second thingd by the way, in this regard, the fed is repeating its playbook, as i'm sure your listeners are awareo two thousand and eight. In some ways, it was on a greater scale. This time, the runs were fiercer. So there's just a political demand and need to now turn this balance sheet towards other purposes.
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