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Fed to broaden reach of ‘Main Street’ loaning program

Byindianadmin

Apr 30, 2020 #lending, #Program
Fed to broaden reach of ‘Main Street’ loaning program

FILE PICTURE: The Federal Reserve seal is seen during Chairman Jerome Powell news conference following the two-day meeting of the Federal Free Market Committee (FOMC) conference on interest rate policy in Washington, U.S., January 29,2020 REUTERS/Yuri Gripas

WASHINGTON (Reuters) – The U.S. Federal Reserve on Thursday broadened a key program to nurse the “Main Street” economy through the coronavirus pandemic, accepting provide to even bigger companies, handling more threat in participation with banks, and meaning some type of devoted assistance for non-profits.

The reserve bank stated it would broaden its “Main Stree

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