Fed to Create Emergency Backstop for Commercial Debt Market

American Banker, Mar. 17, 2020–Hannah Lang (subscription)
The Federal Reserve said it will use emergency authority to provide a liquidity backstop for commercial debt issuers as the coronavirus scare has raised concerns about the flow of credit.
https://www.americanbanker.com/news/fed-to-create-emergency-backstop-for-commercial-debt-market