Yale School of Management

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Federal Reserve Announces New Municipal Liquidity Facility

April 10, 2020
On April 9, the Federal Reserve announced the Municipal Liquidity Facility (MLF) as part of a new series of facilities providing up to $2.3 trillion in loans to support the economy. The facility aims to ease cash flow pressures on state and local governments as they adjust to a decline in municipal and state revenues and face greater than expected public health costs due to the  COVID-19 pandemic . Continue reading “Federal Reserve Announces New Municipal Liquidity Facility”