Federal Reserve sets up new lending program - aims to push $2.3 Trillion support

Federal Reserve sets up new lending program - aims to push $2.3 Trillion support

The US Federal Reserve has set up new programs aimed at injecting trillions of dollars in relief to companies hit by the pandemic and to boost investor sentiment. It will offer 4 year loans to companies, with principal and interest payments deferred for up to one year. Additionally, US Central bank facilities will also be buying debt from sub-investment grade issuers, or ’junk’ rated companies.

Srijith
Srijith
Rational
Rational 1 months

So sad they continue to bailout the wrong people.

Rational
Rational 1 months

Wrong move again. 70% of our economy is supported by the average person. Putting more money in the hands of wealthy will only increase their wealth, and will not do much for the economy. Time to stop giving money to people who don't need it, and give it to those that do. If socialism is good for the wealthy, then it is good enough for the rest of us

Peter
Peter 1 months

Some people got a slice of that money. I was not one of them.

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