The Federal Reserve said Tuesday it would establish a lending facility to support short-term commercial debt markets to prevent intensifying funding strains from accelerating economic damage from the coronavirus.
The Fed said it had established the new Commercial Paper Funding Facility, a version of which was last used during the 2008 financial crisis, after securing the approval of the Treasury secretary.
“The...
Business - Latest - Google News
March 17, 2020 at 10:41PM
https://ift.tt/2IS6YDY
Federal Reserve to Launch Commercial Paper Funding Facility Amid Coronavirus Uncertainty - The Wall Street Journal
Business - Latest - Google News
https://ift.tt/2Rx7A4Y
Bagikan Berita Ini
0 Response to "Federal Reserve to Launch Commercial Paper Funding Facility Amid Coronavirus Uncertainty - The Wall Street Journal"
Post a Comment