© 2024 Michigan State University Board of Trustees
Public Media from Michigan State University
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Fed Unveils Two Programs To Get Credit Moving

The Federal Reserve and Treasury Department introduced two programs Tuesday designed to get credit moving again. The government is buying up to $600 billion in mortgage-backed assets. Also, there is a $200 billion consumer loan program to help unfreeze the market that backs consumer debt like credit cards and auto loans.

David Wessel of The Wall Street Journal talks with Steve Inskeep about the new programs.

Copyright 2023 NPR. To see more, visit https://www.npr.org.

Journalism at this station is made possible by donors who value local reporting. Donate today to keep stories like this one coming. It is thanks to your generosity that we can keep this content free and accessible for everyone. Thanks!