New lending programs for bigger companies to launch by June 1

By Christopher Rugaber and Martin Crutsinger, The Associated Press
Federal Reserve Chair Jerome Powell said Tuesday that the Fed’s lending programs for medium-sized businesses and state and local governments would begin operating by the end of this month.
Powell said that while the Fed has received a “good deal of interest” in those programs if not enough companies or state and local governments seek to borrow the Fed would consider changes to them. That could include expanding