PPPLF Extended, Beige Book Review, Auction Successful

On Monday, The Federal Reserve Board announced it will extend its Paycheck Protection Program Liquidity Facility (PPPLF) until June 20, 2021. The program, which intends to support employment levels by giving credit to businesses partially on the condition they retain employees, has been considered quite effective in its aims. One public relations problems of the program was that several larger companies were found to have taken the funds. Treasury Secretary Yellen approved the extension.

The...

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