The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to support American households and businesses as well as local governments as they deal with the coronavirus. The Fed said Thursday among the actions it is taking is the activation of a Main Street Lending Program that was authorized by the $2.3 trillion economic relief bill pass by Congress last month.
Federal Reserve Chairman Jerome Powell says the Fed’s role is to “provide as much relief and stability as we can during this period of constrained economic activity.”
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
