The Fed's radical new bank band-aid

2024-12-25 22:11:59 source:lotradecoin fast account setup process category:Finance

Given the rough time banks were having last month, the Federal Reserve rolled out a new plan that gives banks a new way to borrow money. It's called the Bank Term Funding Program and while it's a boon for banks, it has costs and risks.

Today, we uncover what makes the Bank Term Funding Program a unique wrench in the Fed's toolkit.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:Finance

Recommend

China says Philippines has 'provoked trouble' in South China Sea with US backing

BEIJING — China accused the Philippines on Friday (Dec 13) of having "provoked trouble" in the South

Mel Tucker skips sex harassment hearing, alleges new 'evidence' proves innocence

Fired Michigan State University football coach Mel Tucker did not show up to the much-anticipated he

India says it’s firm on Canada reducing diplomatic staff in the country but sets no deadline

NEW DELHI (AP) — India said Thursday it has set no deadline so far but remains determined to reduce