© 2025 Hawaiʻi Public Radio
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Give to HPR and keep local support firmly rooted. The greater our local support, the greater our strength and resilience to serve you and future generations. Tap to get started.

Federal Reserve Tries To Get Credit Moving Again

The government announced Tuesday that it plans to buy huge amounts of short-term debt from companies. The Fed will buy "commercial paper," a short-term financing mechanism that many companies use to finance their day-to-day operations, like meeting payroll or purchasing supplies. NPR's Adam Davidson tells Steve Inskeep why the Fed thought it needed to step in again.

Copyright 2023 NPR. To see more, visit https://www.npr.org.

Adam Davidson is a contributor to Planet Money, a co-production of NPR and This American Life. He also writes the weekly "It's the Economy" column for the New York Times Magazine.
Steve Inskeep is a host of NPR's Morning Edition, as well as NPR's morning news podcast Up First.
Related Stories