emergency loan plan

On March 16th, JPMorgan Chase said that the Federal Reserve’s emergency loan plan may inject up to $2 trillion into the US banking system to alleviate the liquidity crunch. Strategists such as Nikolaos Panigrtzoglou wrote that the use of the Federal Reserve Bank’s term funding plan may be significant. Although the largest banks are unlikely to take advantage of the plan, the plan envisages a maximum usage scale of nearly $2 trillion, which is the nominal amount of bonds held by U.S. banks other than the top five. Although there…

According to reports, JPMorgan Chase said that the Federal Reserve’s emergency loan plan may inject $2 trillion into the US banking system. （Watcher.Guru） Interpretation of this information: The message states that JPMorgan Chase has estimated that the Federal Reserve’s emergency loan plan will provide a total of $2 trillion in injection into the US banking system. This could be seen as a measure to counter the economic impacts of the COVID-19 pandemic. The Federal Reserve’s actions to inject liquidity into the economy come in response to the widespread disruptions caused…