Economy

Fed to Disclose More Details for TALF, PPP Liquidity Programs

imageForex12 hours ago (May 12, 2020 01:45PM ET)

(C) Bloomberg. The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Wednesday, July 31, 2019. The Federal Reserve is widely expected to lower interest rates by a quarter-point at its meeting that concludes Wednesday and leave the option open for additional moves despite demands by President Donald Trump for a

(Bloomberg) — The Federal Reserve will disclose the names of borrowers for two more of its emergency lending programs on a monthly basis, responding to congressional pressure for greater transparency.

The Fed will also disclose lending amounts and the interest rates for the Term Asset-Backed Securities Loan Facility and the Paycheck Protection Program Liquidity Facility, the central bank said in a statement Tuesday.

“The Federal Reserve remains committed to providing the public and Congress with detailed information about our efforts to support households and businesses during this unprecedented time,” said Federal Reserve Board Chair Jerome Powell in the statement.

(C)2020 Bloomberg L.P.

Fed to Disclose More Details for TALF, PPP Liquidity Programs

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