Iowa Public Television


Fed Flow

posted on September 14, 2001

Liquid Reserveā€¦

The Federal Reserve and its counterparts from the other G-7 countries have pledged to prevent global economic instability.

In the wake of Tuesday's terrorist attack, some global money movement has been hindered. The Fed intends to alleviate that problem with a cash injection of some fifty billion dollars to cover any deposits awaiting arrival in European banks.

The impending payments will be covered by European deposits in the Fed's New York regional bank.

Tags: 9/11 markets news terrorism