Reuters was ahead with the news that an influential financial panel had been pushing the U.S. Federal Reserve and Treasury to take even more aggressive measures to shore up liquidity across a range of markets by expanding the Fed’s quantitative easing program and by resurrecting a 2009 crisis-era facility to get cash into the hands of consumers and small businesses. The Fed announced those measures on Monday morning. This followed a Reuters exclusive that banking regulators were planning on giving lenders extra regulatory marks for lending to businesses and consumers hurt by the coronavirus, which was confirmed by a regulatory announcement the following day.
Reuters ahead with key U.S. regulatory moves to boost lending, calm markets
20 March 2020, 12:00 am 1 minute
Type: Reuters Best