The Fed's new Municipal Liquidity Facility aims to provide federal funding to de facto federal instrumentalities - the States and Cities at the front lines of our national pandemic response. Fees must accordingly be dropped, eligibility must be broadened, and administration must be decentralized.
The Fed's new Municipal Liquidity Facility aims to provide federal funding to de facto federal instrumentalities - the States and Cities at the front lines of our national pandemic response. Fees must accordingly be dropped, eligibility must be broadened, and administration must be decentralized.
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