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Many commercial property owners are locked out of existing coronavirus relief by financing terms that bar them from taking new loans. Under a House bill, they would receive government-backed equity investments.July 22
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The Fed chairman updated senators about the agency's new credit facility for midsize firms struggling in the pandemic. He also left open the possibility of additional stress tests to gauge the industry’s coronavirus response.June 16
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The central bank is only now nearing the launch of the credit facilities after the effort was announced in April. But Chairman Jerome Powell said loans have been available through other means.June 10
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The central bank will increase support for credit issued through the Main Street Lending Program while providing midsize firms with more flexibility on the amounts they receive.June 8
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The head of the U.S. central bank said its emergency credit programs were not designed to prop businesses up over the long term.May 13
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The central bank will disclose information on a monthly basis about its Term Asset-Backed Securities Loan Facility and its Paycheck Protection Program Liquidity Facility.May 12
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The agency is being methodical in its rollout of the Main Street Lending Program in hopes of avoiding missteps that followed the launch of other coronavirus relief efforts. But observers say delaying aid brings its own risks.May 11
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The Federal Reserve chairman pledged to use every tool at the central bank's disposal to limit the economic fallout from the coronavirus and urged lawmakers to take further action.April 29
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The central bank and other agencies have come under pressure to be transparent about their use of funds authorized by the recent pandemic rescue law.April 23
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The head of the Senate panel overseeing Federal Reserve and Treasury Department efforts to boost the U.S. economy urged the agencies to remember their disclosure requirements.April 17
!["Lots and lots of companies are getting financed, the banks are lending, the markets are open [and] you have a much easier lending climate certainly than we had in February and March,” said Fed Chairman Jerome Powell.](https://arizent.brightspotcdn.com/dims4/default/20d887d/2147483647/strip/true/crop/5000x2815+0+258/resize/460x259!/quality/90/?url=https%3A%2F%2Farizent.brightspotcdn.com%2F83%2F6e%2F85f1644b4882ba60928b3af2d61b%2Fpowell-jerome-bl-061020.jpg)
