The Primary Dealer Credit Facility — Antoine Martin and Susan McLaughlin

Summary:
The PDCF is one of many facilities introduced by the Federal Reserve to support the U.S. economy in the face of the coronavirus pandemic. The PDCF helps primary dealers support smooth market functioning and facilitate the availability of credit to businesses and households in their capacity as market makers for corporate, consumer, and municipal obligations.... FRBNY — Liberty Street Economics The Primary Dealer Credit Facility Antoine Martin and Susan McLaughlin

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