Fed announces $2.3 trillion in additional lending

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THE FEDERAL RESERVE announced that it is activating up to $2.3 trillion in loans to support American households and businesses, as well as local governments . Above, Federal Reserve Chairman Jerome Powell. / AP FILE PHOTO/JACQUELYN MARTIN
THE FEDERAL RESERVE announced that it is activating up to $2.3 trillion in loans to support American households and businesses, as well as local governments . Above, Federal Reserve Chairman Jerome Powell. / AP FILE PHOTO/JACQUELYN MARTIN
WASHINGTON (AP) – The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to support American households and businesses, as well as local governments, as they deal with the coronavirus. The Fed said Thursday that it is activating a Main Street Lending Program authorized by the $2.3 trillion economic relief…

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