Macro Musings with David Beckworth cover image

Kathryn Judge on the Importance of Emergency Lending Facilities at the Federal Reserve

Macro Musings with David Beckworth

CHAPTER

Reforms in Emergency Lending: Accountability and Transparency

This chapter explores the crucial reforms to the Federal Reserve's emergency lending facilities after the 2008 financial crisis and during the 2020 pandemic. It emphasizes the balance between increased transparency and the Fed's ability to respond to economic challenges.

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