Federal Reserve

Fed Pumps $75 Billion Into Financial System Again

The Federal Reserve Bank of New York once again stepped into the money market to supply additional liquidity on Thursday morning. The N.Y. Fed injected $75 billion into the market for overnight repurchase agreements, known as repos. The Fed had

10th October 1966: An underground gold vault in the Federal Reserve Bank of New York. (Photo by Harry Benson/Express/Getty Images)