Federal Reserve Bank Unveils $2.3 Trillion Plan to Bolster Economy

MLM Headshot Photo 2019 (M1341570xB1386)By: Matthew L. Mitchell

On April 9, the Federal Reserve announced an expansive relief strategy to aid small and mid-sized businesses and municipalities with plans to develop $2.3 trillion in economy-boosting programs. Within this plan, the Fed also announced an intent to fund new and expanded “Main Street Lending Facilities”, a program designed to provide small and mid-sized US businesses with access to federally-backed loans. For a breakdown of the Federal Reserve’s plans, check out our new Alert.