Fed's Quarles: “Main Street” loans like two to three weeks off as details finalized

by Aurelia Butler 10 April 2020, 18:10 189 Views

“We are putting together the mechanisms for that credit to be distributed through the banks,” Quarles said of the program the Fed announced on Thursday that would make up to $600 billion in loans available to mostly mid-sized companies. Final details are “probably two to three weeks away,” Quarles said in a web presentation sponsored by the University of Utah.

Source: Economy - investing.com

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Fed's Quarles: “Main Street” loans like two to three weeks off as details finalized

Global Trade Sputters, Leaving Too Much Here, Too Little There

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