The Federal Reserve has announced new lending programs aimed at pumping an additional $2.3 trillion into the U.S. economy. That includes a $600 billion 'Main Street' program aimed at small and medium-sized businesses.
A closed restaurant at Union Station in Washington, D.C. The Federal Reserve addressed several new lending programs in an effort to keep businesses and local governments afloat during the coronavirus pandemic.A closed restaurant at Union Station in Washington, D.C. The Federal Reserve addressed several new lending programs in an effort to keep businesses and local governments afloat during the coronavirus pandemic.
"Our country's highest priority must be to address this public health crisis, providing care for the ill and limiting the further spread of the virus," Fed Chairman Jerome Powell said in"The Fed's role is to provide as much relief and stability as we can during this period of constrained economic activity, and our actions today will help ensure that the eventual recovery is as vigorous as possible," he added.
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