Fischer Says Fed Still Able to Help Banks Facing a Crisis

Updated on
  • Vice chairman cites stigma of borrowing from discount window
  • Yellen responds to lawmaker's grilling on lending authority

Inside Janet Yellen's Testimony on Negative Rates

U.S. regulators still have the power to help banks facing a funding squeeze even as the stigma for lenders seeking emergency cash has increased in recent years, Federal Reserve Vice Chairman Stanley Fischer said.

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