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<ul><li>JP Morgan commented that the Fed’s BTFP would reduce the liquidity crunch in the US Banking system.</li><li>The Federal Reserve has announced the introduction of BTFP, a funding program to help US banks.</li><li>As per the new scheme, the Fed would administer $2 trillion to the US banks.</li></ul>JP Morgan Chase &amp; Co, the financial services company stated on Wednesday that the Federal Reserve’s emergency funding program would administer almost $2 trillion in funds into the US banking system, alleviating the current liquidity crux. <a href="https://coinedition.com/feds-btfp-may-administer-2-trillion-to-us-banks-states-jp-morgan/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

Fed’s BTFP May Administer $2 Trillion to US Banks, States JP Morgan

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