Just after the Treasury shut down the money fund guarantee program, the Federal Reserve may be looking to money market funds for help. The Financial Times' Krishna Guha and Michael Mackenzie report that the central is mulling an inflation-fighting strategy that would entail borrow up to $500 billion from money market funds, putting up mortgage-backed securities and Treasuries as collateral. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE