• Latest
  • Trending
  • All
The Fed has changed the terms of its Main Street lending program to allow for greater participation.

Fed expands Main Street program to allow for both smaller and bigger loans

June 8, 2020 06:47
Dollar lacks upside momentum due to lower Treasury yields

Greenback trims losses, but stays offered nearly across the board

May 24, 2022 06:12
Global stocks in recovery mode but still cautious

Stocks back under pressure after short-lived relief rally

May 24, 2022 04:42
Dollar lacks upside momentum due to lower Treasury yields

Dollar keeps bleeding as bearish correction continues

May 23, 2022 06:27
Markets digest the inflation shock, dollar enjoys the rally

Dollar sags as investor sentiment keeps improving

May 23, 2022 05:09
Dollar lacks upside momentum due to lower Treasury yields

USD treads water after plunge, markets steady ahead of the weekend

May 20, 2022 06:21
Investor sentiment looks neutral at the start of the week

Modest bounce after sell-off ahead of the weekend

May 20, 2022 04:51
Dollar lacks upside momentum due to lower Treasury yields

Major currencies struggle below key SMAs

May 19, 2022 06:02
Geopolitical tensions ease but risks persist

Global stock rout continues on growth fears

May 19, 2022 05:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar regains ground after a three-day sell-off

May 18, 2022 06:09
Chinese data spooks investors, sentiment turns sour

Stock markets turn directionless after a bounce

May 18, 2022 05:08
Dollar lacks upside momentum due to lower Treasury yields

Currencies enjoy a bounce amid a weaker USD

May 17, 2022 06:51
Sentiment turns sour, dollar steadies ahead of the weekend

USD gives up gains as risk sentiment improves further

May 17, 2022 04:52
  • Terms & Сonditions
  • Contact
Wednesday, May 25, 2022
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Global stocks in recovery mode but still cautious

    Stocks back under pressure after short-lived relief rally

    Markets digest the inflation shock, dollar enjoys the rally

    Dollar sags as investor sentiment keeps improving

    Investor sentiment looks neutral at the start of the week

    Modest bounce after sell-off ahead of the weekend

    Geopolitical tensions ease but risks persist

    Global stock rout continues on growth fears

    Chinese data spooks investors, sentiment turns sour

    Stock markets turn directionless after a bounce

    Sentiment turns sour, dollar steadies ahead of the weekend

    USD gives up gains as risk sentiment improves further

    Stocks mostly lower despite upbeat economic data

    Markets failed to extend the bounce, back under pressure

    Risk sentiment looks mixed, dollar retreats marginally

    Dollar at fresh highs while stock markets keep bleeding

    Stocks continue to give up gains ahead of US jobs data

    Stocks bounce ahead of US inflation report

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Global stocks in recovery mode but still cautious

    Stocks back under pressure after short-lived relief rally

    Markets digest the inflation shock, dollar enjoys the rally

    Dollar sags as investor sentiment keeps improving

    Investor sentiment looks neutral at the start of the week

    Modest bounce after sell-off ahead of the weekend

    Geopolitical tensions ease but risks persist

    Global stock rout continues on growth fears

    Chinese data spooks investors, sentiment turns sour

    Stock markets turn directionless after a bounce

    Sentiment turns sour, dollar steadies ahead of the weekend

    USD gives up gains as risk sentiment improves further

    Stocks mostly lower despite upbeat economic data

    Markets failed to extend the bounce, back under pressure

    Risk sentiment looks mixed, dollar retreats marginally

    Dollar at fresh highs while stock markets keep bleeding

    Stocks continue to give up gains ahead of US jobs data

    Stocks bounce ahead of US inflation report

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
No Result
View All Result

Home » Fed expands Main Street program to allow for both smaller and bigger loans

Fed expands Main Street program to allow for both smaller and bigger loans

The Fed has changed the terms of its Main Street lending program to allow for greater participation.

by FWNews
June 8, 2020 06:47
in News
0
The Fed has changed the terms of its Main Street lending program to allow for greater participation.

As the Federal Reserve prepares to start up its Main Street lending program, it has changed the terms to allow for greater participation.

The central bank said Monday that it is lowering the initially stated minimum loan and raising the maximum that can be borrowed, plus is expanding the loan terms to five years. The program is part of the Fed’s efforts to get money to small- and medium-sized businesses hurt during the coronavirus-induced recession.

Under the new guidelines, the minimum loan now will be $250,000, half the amount under previous versions of the plan. The maximum will now vary by facility but could be up to $300 million from the previous $200 million.

Fed Chairman Jerome Powell recently said the program was “days away” from making its first loan and said the central bank was revamping provisions based on feedback received from thousands of sources.

“Supporting small and mid-sized businesses so they are ready to reopen and rehire workers will help foster a broad-based economic recovery,” Powell said in Monday’s announcement. “I am confident the changes we are making will improve the ability of the Main Street Lending Program to support employment during this difficult period.”

In addition to the changes in loan size, the Fed also has extended the repayment period from four years to five years and will delay the repayment period to two years from the original one year. Interest also is delayed for one year and will be Libor, a commonly used overnight lending rate, plus 3%.

Lenders will now assume just 5% of the loans, with the Fed holding the rest.

The program is part of close to a dozen measures the central bank has taken to boost lending and liquidity during the coronavirus crisis. Powell has repeatedly stressed that the Fed has “lending but not spending” powers. Main Street and other similar programs are being backstopped by Treasury money that the Fed can leverage up. In this case, the Treasury is providing $75 billion in equity that can be used for $600 billion in lending.

Tags: Federal ReserveJerome Powell
Share2Tweet2
ADVERTISEMENT
FWNews

FWNews

Track the pulse of the market

Related Posts

Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar refrains from a deeper retreat

May 13, 2022 06:04
16
Geopolitics pushes global markets south, dollar bulls back in the game
Fundamental analysis

Post-Fed rally fades, USD recovers

May 5, 2022 05:56
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Currencies little changed ahead of Fed’s verdict

May 4, 2022 04:56
13
Investor sentiment mixed in thinner pre-holiday deals
Fundamental analysis

All eyes on the Fed

May 4, 2022 04:50
14
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

USD lacks buying pressure as Fed meeting looms

May 3, 2022 11:31
14
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar came off tops, but stays elevated

May 2, 2022 11:04
14

Leave Your Opinion Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Pound corrects higher due to dollar weakness

Dollar relatively steady following broad-based rally

May 3, 2021 04:50
23

Powell notes economic improvement, but says the pandemic remains a risk

June 21, 2021 14:44
10
Euro struggles below three-month highs, yen demand persists

Euro extends the ascent across the board, dollar demand remains muted

May 27, 2020 09:55
15

Ads

Shneider Electric

Most Popular

A slow start to the week in FX markets
Technical analysis

Dollar regains ground to start the week

January 25, 2021 07:25
118
A slow start to the week in FX markets
Technical analysis

Greenback advances modestly amid strong data

May 28, 2021 07:38
110
Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war
News

Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war

July 28, 2020 08:29
95
FWNews

Copyright © 2020 FWNews

  • Terms & Сonditions
  • Contact
No Result
View All Result
  • FUNDAMENTALS
  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage

Copyright © 2020 FWNews