Fed announces further TALF, PPP details

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Fed announces further TALF, PPP details

Max Adams
May 12, 2020 09:15 PM
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A general view of the Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. on July 22, 2019. Next week the Federal Reserve's Board of Governors will meet to determine interest rate levels – Chairman Jerome Powell has hinted rate cuts may be on the way, as President Trump has repeatedly called for rate cuts. (Graeme Sloan/Sipa USA) | Graeme Sloan/SIPA USA/PA Images

The Federal Reserve on Tuesday announced new details for its Term Asset Backed Lending Facility (TALF) and Paycheck Protection Program (PPP) and is planning monthly updates for the duration of each program to identify borrowers, amounts borrowed and interest charged for loans backed by eligible ABS assets.

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