Fed to Inject $1.5 Trillion in br Short-Term Funding Markets The remarkable decision br by the New York Fed was br announced on Thursday. NY Fed, via 'The Wall Street Journal' Short-term lending markets are used br by banks so that they br can lend to each other. The Fed will also purchase br $60 billion in Treasury bonds in order br to stabilize that market as well. Such actions by the central bank br have not occurred since the 2008 financial crisis. The announcement caused a brief rally on Wall Street, br which experienced its second circuit breaker br shut down of the week on Thursday. The bounce back was short lived. br The Dow was down seven percent br in late afternoon trading.