Tags: fed | liquidity

Fed Extends Liquidity Programs to 2010

Thursday, 25 Jun 2009 12:22 PM

The Federal Reserve on Thursday said it would extend a number of its liquidity programs, like the TALF, through Feb.1, 2010.

"Conditions in financial markets have improved in recent months, but market functioning in many areas remains impaired and seems likely to be strained for some time," the Federal Reserve state in a release.

"As a consequence, to promote financial stability and support the flow of credit to households and businesses, the Federal Reserve is extending a number of facilities through early 2010."

Nevertheless, the Fed would rein in some of the facilities, "in light of the improvement in financial conditions and reduced usage of some facilities," it said.

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