[Federal Reserve Vice Chair Jefferson: The Fed's discount window remains ready to lend when needed] BlockBeats News, September 22, Federal Reserve Vice Chair Jefferson stated in a prepared speech for the New York Fed's annual Treasury market conference that the U.S. central bank's discount window (a financing tool providing short-term liquidity assistance to banks) remains ready for use when needed. He noted that the usage of this tool tends to increase when upward pressure on money market rates arises. Jefferson emphasized that the discount window supports the implementation of the Federal Reserve's monetary policy and complements the central bank's standing repo facility, 'jointly alleviating stress in funding markets.'