Can the Federal Reserve Jumpstart the Distressed Debt Markets?

Jennifer Pastarnack authored the article, "Can the Federal Reserve Jumpstart the Distressed Debt Markets?," which was published in the New York Law Journal on July 6, 2021. Jennifer discusses the possibility of a debt market revival in light of the Federal Reserve's announcement on June 2 that it would be winding down the portfolio of the Secondary Market Corporate Credit Facility (SMCCF), an emergency lending facility created during the Covid-19 pandemic.