Republican lawmakers seek curbs on Fed’s emergency facilities

federal-reserve-beige

US Republican party lawmakers, backed by the Treasury secretary, are demanding curbs on the Federal Reserve’s emergency lending facilities, during negotiations over a new fiscal stimulus package.

Republican senator Pat Toomey accused the Fed of acting as a “lender of first resort” through the use of its Covid-19 emergency lending programmes. He called for language to be inserted into the stimulus bill to remove funding for some existing programmes, and to block the Fed from renewing programmes

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: