Economics
Fed Can Turn to Peers for Tips on Pushing Loans to Business
- ECB, BOE and BOJ have had lending programs for years
- It’s unclear how valuable the support is longer term
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The Federal Reserve might want to ask its international peers for advice on how to ensure sure its attempts to support smaller businesses work out.
Central bankers in the U.K., the euro zone and Japan have spent years pushing measures to boost credit to companies, and are revamping those tools to combat the economic shock from the coronavirus pandemic. Fed policy makers joined their efforts for the first time on Monday with a pledge to create a ‘main-street business-lending program.’