Economics
Fed Faces Fresh Pressure to Act, Boosts Repo Operations
- Gauge of banking risk at highest since 2011 signals alarm
- Increase meant to ‘boost confidence,’ Barclays strategists say
An American flag flies outside the Marriner S. Eccles Federal Reserve building in Washington, D.C.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
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The Federal Reserve lifted the amount of temporary cash it’s willing to provide markets as pressure intensifies for the U.S. central bank to tackle the risk of a worldwide credit crunch.