Fed's Warsh: we would take covered bonds
Highly rated, high-quality covered bonds would generally fall within the range of collateral acceptable at the Federal Reserve's discount window, said Kevin Warsh, a governor at the Federal Reserve Board.
Speaking at the US Treasury press conference, Warsh expressed his support for the US Treasury's new covered bond framework, which aims to establish covered bonds as a new source of mortgage financing. "Covered bond framework may attract investor interest and facilitate greater access to
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