Fed unveils $2.3 trillion package for ‘Main Street’

Federal Reserve

The Federal Reserve unveiled its much-anticipated Main Street Lending Program today (April 9), offering a package of support for households and businesses to the tune of $2.3 trillion.

The action, designed to channel funds to the real economy via a plethora of different facilities, came as 6.6 million more people filed for unemployment insurance.

“Our country’s highest priority must be to address this public health crisis, providing care for the ill and limiting the further spread of the virus

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