In order to overcome the stigma that might come from borrowing from the Federal Reserve following the 2007 financial crisis, the Federal Reserve first created

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The Term Auction Facility (TAF) was created by the Federal Reserve to help overcome the stigma associated with borrowing directly from the Fed through the discount window. By allowing financial institutions to borrow funds through an auction process, the TAF aimed to improve liquidity in the financial markets during the crisis without the negative connotations of direct borrowing.

In Order to Overcome the Stigma That Might Come from Borrowing