© 2026 WFAE

Mailing Address:
WFAE 90.7
P.O. Box 896890
Charlotte, NC 28289-6890
Tax ID: 56-1803808
90.7 Charlotte 93.7 Southern Pines 90.3 Hickory 106.1 Laurinburg
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.