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The Fed’s Primary Market Corporate Credit Facility, explained

Abstract: The Fed is buying corporate bonds. Companies can use the money they borrow through these bonds for a variety of purposes such as paying down debt and sustaining operations until the economy returns to pre-COVID-19 conditions. When such businesses can sustain operations, they preserve jobs and continue to buy goods and services from other companies.

Keywords: COVID-19;

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Source: InfoGraphics

Publication Date: 2020-07-16