![Bank Term Funding Program: A Primer On The Fed’s Shiny New Tool Bank Term Funding Program: A Primer On The Fed’s Shiny New Tool](http://bitcoinmagazine.com/.image/c_limit,cs_srgb,h_1200,q_auto:good,w_1200/MTg1MDk0MzA2Njg2NzA2OTY5/img_6878.png)
The debate around whether or not this policy is a form of quantitative easing misses the point: Liquidity is the name of the game for global financial markets. The article below is an…
![The Federal Reserve Intervenes: Bank Term Funding Program The Federal Reserve Intervenes: Bank Term Funding Program](http://bitcoinmagazine.com/.image/c_limit,cs_srgb,h_1200,q_auto:good,w_1200/MTg1MDk0MzA2Njg2NjQxNDMz/img_6877.png)
The Federal Reserve balance sheet increased by $300 billion in one week, leading to debate about whether these actions qualify as quantitative easing. The article below is an excerpt from a recent edition…