Fed Offers Help To Money Market Mutual Funds

NPR | By Chris Arnold

Published October 21, 2008 at 4:00 PM EDT

The Federal Reserve has found another sector of the financial industry that needs help. Money market mutual funds are set to receive up to $540 billion in loans. That's a bit more than the Fed estimates has flowed out of money funds since August.

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Chris Arnold

NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered and Weekend Edition. He joined NPR in 1996 and was based in San Francisco before moving to Boston in 2001.

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