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Federal Reserve Establishes Lending Facility To Back Up Money Market Mutual Funds

Federal Reserve Chairman Jerome Powell pauses during a news conference in Washington earlier this month. The Fed announced late Wednesday a new lending facility to back money market mutual funds battered by the coronavirus crisis. (AP)
Federal Reserve Chairman Jerome Powell pauses during a news conference in Washington earlier this month. The Fed announced late Wednesday a new lending facility to back money market mutual funds battered by the coronavirus crisis. (AP)

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