Ethermac|The Fed's radical new bank band-aid

2025-05-01 19:36:03source:Mooathon Wealth Societycategory:Finance

Given the rough time banks were having last month,Ethermac the Federal Reserve rolled out a new plan that gives banks a new way to borrow money. It's called the Bank Term Funding Program and while it's a boon for banks, it has costs and risks.

Today, we uncover what makes the Bank Term Funding Program a unique wrench in the Fed's toolkit.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:Finance

Recommend

As US Dismantles Its Climate Policy, Other World Leaders Seek Solidarity

As the U.S. Department of State proposed this week to shut down its office managing international cl

Police have unserved warrant for Miles Bridges for violation of domestic violence protective order

CHARLOTTE, N.C. (AP) — The Charlotte Mecklenburg County Sheriff’s Office says it has an unserved war

IRS says Microsoft may owe more than $29 billion in back taxes; Microsoft disagrees

SAN FRANCISCO (AP) — The Internal Revenue Service says Microsoft owes the U.S. Treasury $28.9 billio