The Federal Reserve on Tuesday said its board of governors had decided to extend several emergency loan programs until the end of the year. The programs had...
The Federal Reserve on Tuesday said its board of governors had decided to extend several emergency loan programs until the end of the year. The programs had been set to expire on Sept. 30.
"The three-month extension will facilitate planning by potential facility participants and provide certainty that the facilities will continue to be available to help the economy recover from the COVID-19 pandemic," the Fed said in a statement. Set up to keep credit flowing in the aftermath of the market disruption in March, many of the Fed programs haven't seen a lot of interest in recent weeks.
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