Speech

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.

Keywords: monetary policy; public health; Main Street Lending Program; money market mutual funds; employment; economic shock; COVID-19; fiscal policy; pandemic;

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File(s): File format is application/pdf https://www.bostonfed.org/-/media/Documents/Speeches/PDF/2020/0519-text.pdf
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Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: Speech

Publication Date: 2020-05-19

Pages: 15