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The Main Street Lending Program and Other Federal Reserve Actions

Author

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  • Eric Rosengren

Abstract

The economy has suffered a truly severe shock from the COVID-19 public health crisis. The unemployment rate has risen very significantly in response to necessary shutdowns intending to limit the health impact of the pandemic. However, even when businesses are free to open, many may face diminished demand until customers once again feel secure leaving their homes, which underlines that public health is at the root of this crisis and its solutions.

Suggested Citation

  • Eric Rosengren, 2020. "The Main Street Lending Program and Other Federal Reserve Actions," Speech 88247, Federal Reserve Bank of Boston.
    • Handle: RePEc:fip:fedbsp:88247
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    Keywords

    COVID-19; employment; money market mutual funds; fiscal policy; monetary policy; pandemic; economic shock; public health; Main Street Lending Program;
    All these keywords.

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