The Securities Industry and Financial Markets Association (SIFMA) has praised the U.S. Federal Reserve’s announcement that it will buy commercial paper directly from businesses through its Commercial Paper Funding Facility (CPFF).
“The new Commercial Paper Funding Facility, which will purchase commercial paper directly from eligible issuers, will help make credit available directly to American businesses, so they, in turn, can continue to meet the needs of everyday citizens,” says Tim Ryan, president and CEO of SIFMA.