Fed Announces Unprecedented Actions to Stabilize Markets The Federal Reserve announced several new measures on Monday.
Among the announced programs is a further commitment of $300 billion "supporting the flow of credit" for Main Street businesses.
The program will “support lending to eligible small and-medium sized businesses." Fed Statement, via CNBC The Fed will also make a first-time-ever purchase of investment-grade securities in both secondary and primary markets.
Fed Statement, via CNBC Chris Rupkey, MUFG Bank, via CNBC