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.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
What to watch today: Dow futures go positive after Fed details $2.3 trillion in loan programsDow futures turned positive Thursday after the Federal Reserve unveiled details of its much-anticipated Main Street lending program and other iniatives.
Lire la suite »
Dow rallies 300 points at open after Fed unveils $2.3 trillion coronavirus lending programU.S. stocks opened sharply higher Thursday as Wall Street looks to close out a holiday-shortened week on a high note, after the Federal Reserve released the...
Lire la suite »
The Fed Will Pump Another $2.3 Trillion Into The Economy. Here’s Why This Time Is Different.The Fed is pushing into new territory by buying muni bonds and riskier corporate debt. It also released details about its highly anticipated $600 billion Main Street Lending Program.
Lire la suite »
U.S. Stocks Rise Amid Fed Action, Oil RallyThe Dow and S&P 500 rose in early trading after the Federal Reserve took more actions to stabilize the economy, while oil markets were buoyed by optimism that major crude producers may agree to cut output.
Lire la suite »
Dow climbs 500 points as new Fed stimulus offsets historic unemployment filingsUS stocks climbed on Thursday, continuing Wednesday's gains, as the Federal Reserve announced an additional $2.3 trillion in aid to businesses and governments.
Lire la suite »
Fed Expands Corporate-Debt Backstops, Unveils New Programs to Aid States, Cities and Small BusinessesThe Federal Reserve’s efforts include a lending facility to support state and city finances. The facility will purchase short-term notes directly from states, large U.S. counties and cities.
Lire la suite »