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Federal Reserve Tries To Get Credit Moving Again

The government announced Tuesday that it plans to buy huge amounts of short-term debt from companies. The Fed will buy "commercial paper," a short-term financing mechanism that many companies use to finance their day-to-day operations, like meeting payroll or purchasing supplies. NPR's Adam Davidson tells Steve Inskeep why the Fed thought it needed to step in again.

Copyright 2023 NPR. To see more, visit https://www.npr.org.

Adam Davidson is a contributor to Planet Money, a co-production of NPR and This American Life. He also writes the weekly "It's the Economy" column for the New York Times Magazine.
Steve Inskeep
Steve Inskeep is a host of NPR's Morning Edition, as well as NPR's morning news podcast Up First.
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