Federal Reserve Vice Chair for Supervision Michelle Bowman in the House Financial Services Committee in December. WASHINGTON — Fed watchers say a proposed revamp of the discount window would be a ...
Rep. Patrick McHenry, a Republican of North Carolina and chairman of the House Financial Services Committee, said the Federal Reserve's discount window is in need of modernization. The chair of the ...
NEW YORK, Feb 29 (Reuters) - Federal Reserve Bank of Cleveland President Loretta Mester said Thursday she favors taking more concrete steps to make sure banks are ready to use a central bank liquidity ...
WASHINGTON, Feb. 15 (UPI) --Economists at a hearing Thursday promoted increased use of the Fed's discount window -- which helps commercial banks manage short-term liquidity needs -- to insulate the ...
As “lender of the last resort,” the Federal Reserve makes credit available to financial institutions on an overnight basis through its discount window.
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