Yale School of Management

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The Uncertain Future of the Fed’s CARES Act Facilities

December 8, 2020
YPFS
After a rare public disagreement with the Treasury, the Federal Reserve says it will return the bulk of the funds that the Treasury provided to buttress the Fed against any losses on four emergency lending programs. The Treasury, in turn, has stated its intent to transfer all unused funds that Congress had allocated to it for use in the Fed facilities to its General Fund by year-end. Continue reading “The Uncertain Future of the Fed’s CARES Act Facilities”

The Uncertain Future of the Fed’s CARES Act Facilities

December 8, 2020
YPFS
After a rare public disagreement with the Treasury, the Federal Reserve says it will return the bulk of the funds that the Treasury provided to buttress the Fed against any losses on four emergency lending programs. The Treasury, in turn, has stated its intent to transfer all unused funds that Congress had allocated to it for use in the Fed facilities to its General Fund by year-end. Continue reading “The Uncertain Future of the Fed’s CARES Act Facilities”