COVID-19

Federal Reserve to add up to $2.3 trillion in loans 

04-09-2020 03:03 PM

The Federal Reserve is adding up to $2.3 trillion in loans to strengthen the US economy. These new loans will bolster state and local governments so that they will be able to supply critical services during the pandemic. Loans will also be made available to employers and households to help them in weathering the current crisis.

Congressional mandate requires the Federal Reserve to act to keep the economy on sound footing...

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Uploaded - 04-09-2020