WASHINGTON (AP) - The Federal Reserve is extending the life of key programs aimed at busting through credit clogs and restoring stability to financial markets.
The Fed says the programs, originally slated to last through Jan. 30, will be extended through April 30.
The Fed's emergency lending facility for investment firms is covered by the decision. Another program that lets financial institutions temporarily swap risky investments, such as shunned mortgages, for super-safe Treasury securities also is covered. |