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Abstract: 

Matt Lieber, the Director of Capital Markets in the Markets Group at the Federal Reserve Bank of New York, was deeply involved in the design and implementation of the Municipal Liquidity Facility in 2020, which sought to restore stability to the municipal borrowing market during COVID-19. In a conversation with Charles Fish Investments’ Betsy Shelton, Matt and Betsey explore the Fed’s role in supporting the municipal market in times of crisis and gain a better understanding of how the Federal Reserve approaches the municipal marketplace. This article is based on a panel, “Fireside Chat with Matthew Lieber,” presented at the 2023 Annual Conference of the National Federation of Municipal Analysts, held May 16-19, 2023.

Keywords: Municipal Market Trading Conditions; Credit and Issuance; Section 13(3) Emergency Lending

Affiliations:  1: Federal Reserve Bank of New York; 2: Charles Fish Investments, Inc..