The Main Street Lending Program and Other Federal Reserve Actions

Eric Rosengren ()

Speech from Federal Reserve Bank of Boston

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.

Keywords: COVID-19; employment; money market mutual funds; fiscal policy; monetary policy; pandemic; economic shock; public health; Main Street Lending Program (search for similar items in EconPapers)
Pages: 15
Date: 2020-05-19
New Economics Papers: this item is included in nep-hea, nep-mac and nep-mon
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Working Paper: The Main Street Lending Program and Other Federal Reserve Actions (2020)
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