State Funding Woes Are Dragging the Fed Into Muni-Market Reboot

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State Funding Woes Are Dragging the Fed Into Muni-Market Reboot
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The Federal Reserve is limited in its efforts to revive the $4 trillion market for municipal securities

The Fed has committed trillions of dollars to keep money flowing through markets vital to economic growth, including huge purchases of government and mortgage securities and new programs to backstop money-market funds and corporate-debt markets.

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