4 ms·

They started such a program this week: https://www.federalreserve.gov/monetarypolicy/bank-term-funding-program.htm https://www.federalreserve.gov/monetarypolicy

• dimal 4y ago
  That doesn’t buy them back. It allows banks to use them as collateral for a loan. So it provides short term liquidity, but the banks are still on the hook if prices don’t recover. The hope is that eventually prices will recover.