Business > Economy

A new $2.3 trillion Fed plan to buttress towns, businesses

1 month ago   |   By Boston Herald

By MARTIN CRUTSINGER
WASHINGTON - The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to support the economy. The money will target American households and businesses, as well as local governments besieged by the coronavirus outbreak.
The Fed said Thursday that it is activating a Main Street Business Lending Program authorized by the CARES Act, the largest economic relief package ever passed by Congress.
Federal Reserve Chairman Jerome Powell said the Fed's role was to “provide as much relief and stability as we can during this period of constrained...
Read more ...

 

Federal Reserve Rolls Out $2.3 Trillion Plan to Stabilize Economy

1 month ago   |   By Time

The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to support the economy. The money will target American households and businesses, as well as local governments besieged by the coronavirus outbreak.
The Fed said Thursday that it is activating a Main Street Business Lending Program authorized by the CARES Act, the largest economic relief package ever passed by Congress.
Federal Reserve Chairman Jerome Powell said the Fed's role was to “provide as much relief and stability as we can during this period of constrained economic activity.”
In addition, the...
Read more ...

 

A new $2.3 trillion Fed plan to buttress cities, businesses

1 month ago   |   By Boston Herald

By MARTIN CRUTSINGER
WASHINGTON - The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to support the economy. The money will target American households and businesses, as well as local governments besieged by the coronavirus outbreak.
The Fed said Thursday that it is activating a Main Street Business Lending Program authorized by the CARES Act, the largest economic relief package ever passed by Congress.
Federal Reserve Chairman Jerome Powell said the Fed's role was to “provide as much relief and stability as we can during this period of constrained...
Read more ...

 

Fed ramps up lending with new $2.3T program

1 month ago   |   By The Real Deal New York

The Federal Reserve is injecting an additional $2.3 trillion in loans to bolster a frozen economy, which continues to be on lockdown as the spread of the coronavirus accelerates. Thursday's financing announcement came as the U.S. Department of Labor reported that another 6.6 million Americans filed jobless claims last week. That figure was down from the adjusted prior amount of 6.8 million, but the total of Americans who have asked for relief, mostly because of
Read more ...

 

Dow climbs 500 points as new Fed stimulus offsets historic unemployment filings

Dow climbs 500 points as new Fed stimulus offsets historic unemployment filings

1 month ago   |   By Business Insider

US stocks climbed on Thursday, continuing gains from Wednesday, as t he Federal Reserve announced an additional $2.3 trillion in aid to businesses and governments.
Data released Thursday morning showed we ekly unemployment claims soared for a third week in a row, hitting 6.6 million for the period ended April 3.
Oil rallied on expectations that OPEC and its allies will soon agree on production cuts - a virtual meeting between the group starts Thursday.
Read more ...

 

Fed Offers $2.3 Trillion In Loans To Businesses, Local Governments

Fed Offers $2.3 Trillion In Loans To Businesses, Local Governments

1 month ago   |   By NPR

The Federal Reserve announced several new lending programs Thursday in an effort to keep businesses and local governments afloat during the coronavirus pandemic. (Image credit: Saul Loeb/AFP via Getty Images)
Read more ...

 

Fed Offers $2.3 Trillion In Loans To Businesses, Local Governments

Fed Offers $2.3 Trillion In Loans To Businesses, Local Governments

1 month ago   |   By NPR

The Federal Reserve announced several new lending programs Thursday in an effort to keep businesses and local governments afloat during the coronavirus pandemic. (Image credit: Saul Loeb/AFP via Getty Images)
Read more ...

 

Fed Offers $2.3 Trillion In Loans To Businesses, Local Governments

Fed Offers $2.3 Trillion In Loans To Businesses, Local Governments

1 month ago   |   By NPR

The Federal Reserve announced several new lending programs Thursday in an effort to keep businesses and local governments afloat during the coronavirus pandemic. (Image credit: Saul Loeb/AFP via Getty Images)
Read more ...

 

Dow climbs 350 points as new Fed stimulus offsets historic unemployment filings

Dow climbs 350 points as new Fed stimulus offsets historic unemployment filings

1 month ago   |   By Business Insider

US stocks climbed on Thursday, continuing gains from Wednesday, as t he Federal Reserve announced an additional $2.3 trillion in aid to businesses and governments.
Data released Thursday morning showed we ekly unemployment claims soared for a third week in a row, hitting 6.6 million for the period ended April 3.
Oil rallied on expectations that OPEC and its allies will soon agree on production cuts - a virtual meeting between the group starts Thursday.
Read more ...

 

Fed rolls out $2.3 trillion plan to stabilize economy

1 month ago   |   By Boston Herald

By MARTIN CRUTSINGER
WASHINGTON - The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to support the economy. The money will target American households and businesses, as well as local governments besieged by the coronavirus outbreak.
The Fed said Thursday that it is activating a Main Street Business Lending Program authorized by the CARES Act, the largest economic relief package ever passed by Congress.
Federal Reserve Chairman Jerome Powell said the Fed's role was to “provide as much relief and stability as we can during this period of constrained...
Read more ...

 


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