On the recordDecember 1, 2020
the overwhelming majority of municipal borrowers are investment grade, and we did limit the facility to that.
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congress.govthe overwhelming majority of municipal borrowers are investment grade, and we did limit the facility to that.
Powell explains the Federal Reserve's criteria for municipal borrowing.
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I have a little more than 10 months left on my term as chair, and all I want, and all anyone at the Fed wants, is to deliver an economy that has price stability, maximum employment, financial stability.