
Fed Reiterates Promise To Never Let You Down. Extends Dollar Swap Lines, Foreign Repo Facility
A day before the US is scheduled to unveil the details behind the worst quarterly performance for the domestic economy since The Great Depression, the Fed committed to doing everything in its power to prevent the situation from getting worse.
As we've seen over the last five months, the scope of the institution's authority is amenable to broad interpretation during an acute crisis. Necessity breeds invention. Desperate times call for desperate measures. Fill in the blank with any applicable old