Understanding How the Fed Helped Businesses During Covid-19

    I'm going a little off the usual topic today. Instead of talking about marriage and family, I'll be reviewing an article I researched about Covid-19 and what the Fed did to help keep businesses alive. 

During the historic Covid-19 pandemic, thousands of small businesses struggled to keep afloat. They needed help in order to not be sunk and lost as another fatality in the pandemic. Thus, the Fed stepped in to serve as the economy's medic. 

The Primary Market Corporate Credit Facility (PMCCF), acted as a backup lender, which bought brand-new bonds from companies, or lend to those companies, so the company could keep functioning. Another organization that bought existing bonds is the Secondary Market Corporate Credit Facility (SMCCF).