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Federal Reserve $2.3 trillion Plan

On Thursday, the Federal Reserve announced a $2.3 trillion plan to provide financial aid to local governments and small businesses and stabilize the country’s economy amid the coronavirus pandemic. 

The plan intends to provide loans for small companies to retain workers and help businesses that have shut down due to social distancing measures. The Fed is also offering $500 billion and buying bonds for local governments to financially support those who are at the frontlines battling this health crisis. 

This relief package is so far the Fed’s largest leap to financially assist this crisis and provide stability and relief to the US economy. 

 
Federal Reserve by Dan Smith is licensed under Wikimedia Commons Creative Commons