Semiannual Monetary Policy Report to the Congress, Testimony of Chair Jerome H. Powell (June 30, 2020)

Government Record · Jerome H. Powell, Federal Reserve Board · June 30, 2020

Fed Chair Powell's June 2020 testimony: the two corporate credit facilities could support up to $750 billion, backed by $75 billion of Treasury equity, and outflows from corporate bond funds and ETFs had reversed by mid-April, before the Fed's ETF purchases began in May.

up to $750 billion

Official source

Fed Chair Powell's June 2020 testimony: the two corporate credit facilities could support up to $750 billion, backed by $75 billion of Treasury equity, and outflows from corporate bond funds and ETFs had reversed by mid-April, before the Fed's ETF purchases began in May.

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