The Main Street Lending Program and Other Federal Reserve Actions
Abstract: The economy has suffered a truly severe shock from the COVID-19 public health crisis. The unemployment rate has risen very significantly in response to necessary shutdowns intending to limit the health impact of the pandemic. However, even when businesses are free to open, many may face diminished demand until customers once again feel secure leaving their homes, which underlines that public health is at the root of this crisis and its solutions.
File format is text/html
File format is application/pdf
Description: Full text
Provider: Federal Reserve Bank of Boston
Part of Series: Speech
Publication Date: 2020-05-19