Fed liquidity facilities significantly lower key market benchmark, impacting global lending rates.
The Federal Reserve's programs to boost liquidity have helped lower the Libor rate significantly during times of interbank market turmoil.
U.S. Banks Step Up to Provide Global Dollar Liquidity in Crisis.
Liquidity injections by central bank absorb financial shocks, crowding out federal funds.
Federal Reserve's Liquidity Provision Key in Mitigating Financial Crisis Impact