Federal Reserve Vice Chair Jefferson: The Fed's discount window remains ready to lend when needed.

BlockBeats news, September 22: Federal Reserve Vice Chair Jefferson, in a speech prepared for the New York Fed's annual Treasury market conference, said the U.S. central bank's discount window—the financing tool that provides short-term liquidity assistance to banks—remains ready for use when needed, and noted that usage of the facility tends to rise when money market rates face upward pressure.

Jefferson said the discount window supports the implementation of the Fed's monetary policy and complements the central bank's standing repo operations, "together easing pressure in funding markets."