JPMorgan's Dimon says Fed programs starting to work

05/6/2009 | Wall Street Journal, The · ClipSyndicate

Source: ClipSyndicate/Bloomberg

At a Business Council meeting, JPMorgan Chase CEO Jamie Dimon said the Federal Reserve's Term Asset-Backed Securities Loan Facility is helping boost liquidity in student-loan and credit card markets. "The TALF program seems to be working in credit cards, so credit card, student-loan and other rates are coming down," Mr. Dimon said.

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Wall Street Journal, The · ClipSyndicate

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