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federal reserve

On Wednesday, the Federal Reserve unveiled plans to begin selling its corporate debt in the Secondary Market Corporate Credit Facility (“SMCCF”), an emergency lending facility that helped support credit markets during the pandemic crisis.

The move completes the central bank’s move away from market support programs it launched last year as part of a Covid-19 relief program. Five of those emergency facilities expired in late 2020.

On Wednesday, the Federal Reserve unveiled plans to begin selling its corporate debt in the Secondary Market Corporate Credit Facility (“SMCCF”), an emergency lending facility that helped support credit markets during the pandemic crisis.

The move completes the central bank’s move away from market support programs it launched last year as part of a Covid-19 relief program. Five of those emergency facilities expired in late 2020.

Original Article – Safe Haven

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