Joining the dots, it is becoming clear that the Fed, and its Chairman Ben Bernanke in particular, are considering launching a US version of the Bank of England's new Funding for Lending Scheme (FLS), which is designed to boost the volume of UK bank loans by offering cut price funding for those banks who are willing to expand the size of their own loan books. with long-term interest rates already at record lows the price of credit can't go much lower, so it makes sense to look at measures designed to boost the availability of credit.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services