Fed extends Covid-19 emergency measures
Lael Brainard is again sole vote in favour of outright ban on banks making dividend payments
The Federal Reserve has extended two sets of emergency measures that it introduced in March to bolster the US financial system’s resilience.
Today (October 1), the Fed extended a set of emergency measures first announced on April 23, aimed at boosting intraday credit supply to banks. The measures were set to expire that day but will now run until March 31 next year.
One measure suspends banks’ “net debt caps”, or uncollateralised intraday credit limits, and waives overdraft fees for those
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