Federal Reserve to Launch Commercial Paper Funding Facility Amid Coronavirus Uncertainty - The Wall Street Journal

The Federal Reserve said Tuesday it would establish a lending facility to support short-term commercial debt markets to prevent intensifying funding strains from accelerating economic damage from the coronavirus.

The Fed said it had established the new Commercial Paper Funding Facility, a version of which was last used during the 2008 financial crisis, after securing the approval of the Treasury secretary.

“The...

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2020-03-17 16:15:43Z
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