• Richmond Fed president Barkin: Programs like term auction facility still on the table, but it's important to note that unlike previous crisis bank liquidity has not been the problem

Market news

19 March 2020

Richmond Fed president Barkin: Programs like term auction facility still on the table, but it's important to note that unlike previous crisis bank liquidity has not been the problem

  • We're working to address market problems as they become apparent
  • Fed is focused on ensuring liquidity and market function
  • Says coming priority should be testing "at scale" so protocols can be put in place for people to safely return to work and re-open businesses
  • Takes comfort in economy resuming in China

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