With $131 billion outstanding in loans to banks and credit unions collateralized by U.S. Treasury and agency debt at par value one would assume the program like most other central bank and government programs would be extended, indefinitely. 

A few minutes later Simon Rabinovitch with The Economist, threw this curveball at Powell.  “Quick follow up to the question about banking stresses. You talked about how the banking system is resilient. Of course, part of the resilience of the past year stems from the Bank Term Funding Program that you launched in March.