US Fed revives commercial paper facility to boost lending

US Fed revives commercial paper facility to boost lending

The US Federal Reserve said on Tuesday it would reinstate a financial crisis-era funding facility to get credit directly to businesses and households as fears over a liquidity crunch due to the coronavirus have grown in recent days. The Fed set up a special purpose vehicle that will purchase unsecured and asset-backed commercial paper directly from eligible companies, facilitating new issuance.

Simone
Simone
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