Reading Record. source：https://time.com/5819074/federal-reserve-fed-coronavirus-lending/
The Federal Reserve may not be done with its all-out blitz to help the U.S. economy survive a coronavirus-induced shutdown, even after launching an unprecedented $2.3 trillion in lending programs.
The central bank used up only about 40% of the as much as $454 billion in seed capital that Congress provided it in extending help to small and mid-sized businesses, state and local governments and some risky corners of the financial markets on Thursday.
Julia Coronado, co-founder of MacroPolicy Perspectives LLC in New York said the Fed wasn’t waiting “until all the Is are dotted and Ts are crossed” on its programs in its push to get cash into the economy.
“The capacity of these programs is substantial,” she added, describing the actions the Fed has already taken or promised. Yet for all that, “there’s still substantial firepower remaining.”
—With assistance from James Crombie.