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The Fed's radical new bank band-aid
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Date：2024-12-24 02:28:23
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.
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