The Federal Reserve on Tuesday announced an extension of its lending facilities that were originally scheduled to expire on or around Sept. 30, in a sign that the impact of the COVID-19 crisis continues to cloud the economic outlook.
The pallet of facilities, ranging from credit to small businesses under the Main Street Lending Program (pdf) to the purchase of corporate bonds via the Secondary Market Corporate Credit Facility (pdf), will be extended through the remainder of 2020, the Federal Reserve Board said in a statement.
