Fed extends emergency lending facilities
The Fed said the facilities had ‘provided a critical backstop, stabilising and substantially improving market functioning’ © Leah Millis/Reuters
The Fed said the facilities had ‘provided a critical backstop, stabilising and substantially improving market functioning’ © Leah Millis/ReutersThe Federal Reserve is extending the emergency lending facilities it set up to shore up financial markets during the pandemic until the end of the year, in the latest sign of its concern that the coronavirus crisis will continue to weigh on the US economy.