CNN CNN Newsroom with Poppy Harlow and Jim Sciutto September 18, 2019 13:55:00
The new york fed has had to inject $128 billion in two operations, to basically shore up the overnight lending market. why does that average to the afternoon american? >> it matters, it's unprecedented. the new york fed hasn't had to do this emergency style liquidity plump since 2008. what happened was overnight lending rates spiked. >> that forced the new york feds to step in. that really important. we look at the dow, the s&p 500, the ten-year treasury. this is an important market central to financial -- >> it spiked from 2% to 10%. not a few points. >> exactly. that's why the new york fed s...
Source: archive.org