The Fed announces unlimited bond-buying, sets up program to stimulate companies and local governments, in order to combat coronavirus fallout
The Federal Reserve on Monday announced an array of new programs intended to prop up the US economy, stimulate companies and local governments, and smooth markets and the flow of credit amid the coronavirus outbreak.
"While great uncertainty remains, it has become clear that our economy will face severe disruptions.
To support businesses, consumers, and employers, the Fed will provide up to $300 billion in new financing, including $30 billion from the Department of the Treasury, using the Exchange Stabilization Fund. The Fed will also establish two facilities to support credit to large employers, and a third facility to support the flow of credit to consumers and businesses.
In addition, the Fed expects to soon announce a Main Street Business Lending Program to support lending to eligible small and medium-sized businesses, complementing efforts by the Small Business Administration.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
92 Cooking Projects to Keep You Busy and Extremely Well FedSteaming soup dumplings, fluffy milk bread, and more cooking adventures to get fully consumed by.
Leer más »
Coronavirus aid bill includes $3,000 for families, $4 trillion liquidity for Fed: MnuchinThe coronavirus economic relief bill being finalized by the U.S. Congress will include a one-time $3,000 payment for families and allow the Federal Reserve to leverage up to $4 trillion of liquidity to support the nation&39;s economy, U.S. Treasury Secretary Steven Mnuchin said on Sunday. Mnuchin,
Leer más »
Virus aid bill includes $3,000 for families, $4 trillion liquidity for Fed: MnuchinThe coronavirus economic relief bill being finalized in Congress will include a ...
Leer más »
AP Exclusive: 1st fed inmate tests positive for coronavirusAn inmate at a federal jail in New York City has tested positive for coronavirus, marking the first confirmed case in the federal prison system. The prisoner arrived at the facility earlier this week, and complained of chest pains on Thursday.
Leer más »
Wells Fargo asks Fed to lift cap on growth to support customers - FTWells Fargo & Co has asked the U.S. Federal Reserve to remove an asset cap intro...
Leer más »
ITV Slashes Program Budget By At Least $116M To Combat CoronavirusITV has set out the steps it is taking to protect the business from the coronavirus chaos, which the British broadcaster says is wreaking havoc on its two key sources of revenue: Its production arm…
Leer más »