US Fed’s modernization of discount window boosts banks’ confidence, Jefferson says
By Neil Roland ( September 22, 2026, 21:00 GMT | Insight) -- The US Federal Reserve’s operational improvements to its discount window since the spring 2023 collapse of three banks have made it more likely firms will access the window and less likely they will be forced to sell US Treasuries in a crunch, Fed Vice Chair Philip Jefferson said. Jefferson, who oversees the Fed’s work on discount window policy, said the efforts ensure “a more efficient, accessible source of liquidity” and are “critically important for financial stability more broadly.”The US Federal Reserve’s operational improvements to its discount window since the spring 2023 collapse of three banks have made it more likely firms will access the window and less likely they will be forced to sell US Treasuries in a crunch, Fed Vice Chair Philip Jefferson said on Tuesday....
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