Fed to offer $60 billion via term auction facility in March; reiterates TAF policy support
The U.S. Federal Reserve will conduct two auctions of 28-day credit through its Term Auction Facility in March, the Fed announced Friday, in a statement.
The Fed said it will offer $30 billion in an auction on March 10, 2008 and $30 billion in an auction two weeks later, on March 24, 2008.
The Fed plus reiterated its support for the term auction facility policy. The Fed said: “The Federal Reserve
Original post by Joseph Lazzaro
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