Fed's Fischer urges no further limiting of emergency lending rules
Reuters
Published Jul 17, 2015 11:08AM ET
Fed's Fischer urges no further limiting of emergency lending rules
WASHINGTON (Reuters) - Federal Reserve Vice Chair Stanley Fischer said on Friday there should be no further limits put on the U.S. central bank's emergency lending powers.
In response to a question following a speech to the U.S. Chamber of Commerce in Washington, Fischer said the Fed could work with the post-financial crisis restrictions on the types of companies it could lend to.
But he said the process had gone as far as it should.
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Written By: Reuters
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