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Friday, Jul 03rd

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You are here News Economy Central Banks Offer Extra Funds to Calm Money Markets

Central Banks Offer Extra Funds to Calm Money Markets

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The Fed will spray dollars around the world via swap lines with other central banks. They can then auction them in their own markets.

As markets seized up this week, central bankers pushed more than $200 billion into markets with those in Japan, Hong Kong, South Korea and Australia doing so again today. The U.S. Treasury today announced plans to sell an additional $100 billion in short- term debt to aid the Fed's balance sheet as it extends credit to financial companies. 

TVNL Comment: What exaxtly does it mean when the Fed pushed money into the market? Are they giving money out, lending it, investing it? Who gets the money? This needs to be made clear to all.

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