Federal Reserve, Consumer Credit | featured news

Fed launches program to aid consumer credit

The Federal Reserve is launching its much-awaited program aimed at boosting the availability of credit to consumers and small businesses.

 

Fed's $1 Trillion Program To Jumpstart Credit Market Nears Launch

The US Federal Reserve will launch its financing ­programme, worth up to $1,000bn, for consumer and business loans in the coming days, amid concerns that hedge funds might find it difficult to take advantage of the scheme.

The programme - the term asset-backed securities loan facility (Talf) - is the cornerstone of the US authorities' push to jump-start the credit market. Officials at the central bank say it will be up and running by the end of this month.

 

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