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Fed Unveils Unlimited Bond Purchases and New Lending Facilities
The Federal Reserve announces unlimited purchases of Treasury and mortgage backed securities and three new lending facilities to backstop credit for businesses and local governments as Congress debates a $2 trillion relief package. The plan aims to stabilize markets, speed access to cash, and support borrowers amid a coronavirus induced downturn.
MENTIONED IN THIS ARTICLE
Washington
U.S
Federal Reserve
Fed
Central Bank
United States
Congress
Treasury
Jerome Powell
Joe Brusuelas
RSM
New York Federal Reserve
Donald Kohn
Brookings Institution
Elizabeth Cooper McFadden
Novella Brandhouse
Kansas City
Missouri
Small Business Administration
McFadden
Roberto Perli
Cornerstone Macro
Perli
Brusuelas