Federal Reserve takes additional actions

“The Federal Reserve on Thursday took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic.”

The April 9th, 2020 press release from the Board of Governors details the actions the Federal Reserve is taking to reinforce the Paycheck Protection Program and ensure credit liquidity for businesses and municipalities.