Boston Fed: Main Street Program Ready to Go

The Main Street Lending Program is now operational and ready to purchase eligible loans, said the Federal Reserve Bank of Boston on Monday.

The Fed branch in Massachusetts encouraged lenders to start submitting qualifying loans, Reuters reported.

Members of the US Federal Reserve Board have agreed to use all of the tools at their disposal to help push the economy out of recession, as shown by the meeting minutes of their most recent meeting, which took place on June 9-10.