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Thursday, Apr 25, 2024

Fed launches new $200 billion consumer credit program

WASHINGTON — The Federal Reserve today rolled out a much-awaited program aimed at boosting the availability of credit to consumers and small businesses. The Fed will lend up to $200 billion to spur consumer lending — for autos, education, credit cards and other things. The bold program, dubbed the Term Asset-Backed Securities Loan Facility, was first announced late last year and originally scheduled to start in February. For the full story click here

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