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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (80157)	3/19/2020 10:13:33 AM
From: Goose94	Read Replies (1) of 203020

Gold: U.S. Federal Reserve launches 3rd emergency lending program Mar 19, '20 The Federal Reserve announced late Wednesday that it will establish an emergency lending facility to help unclog a short-term credit market that has been disrupted by the viral outbreak. The Fed said it will lend money to banks that purchase financial assets from money market funds, including short-term IOUs known as commercial paper. By facilitating the purchase of commercial paper, which is issued by large businesses and banks, the Fed hopes to spur more lending to firms that are seeking to raise cash as their revenues plummet amid the spread of the coronavirus.

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