Fed looks to take Bloomberg battle to Supreme Court

federal reserve

The Federal Reserve Board on Wednesday applied to the US Court of Appeals for the Second Circuit for a stay order, to delay the release of documents identifying banks that used its emergency lending facilities during the crisis.

A case manager at the Manhattan-based court on Thursday told CentralBanking.com that, if granted, the stay will delay the release of the information for 90 days. "The stay is necessary to permit the board to consult with the Department of Justice regarding an appeal to t

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