Fed to consider postponing TALF's expiration date

08/6/2009 | Wall Street Journal, The

The Federal Reserve will consider whether to extend the Term Asset-Backed Securities Loan Facility. The program was created to revive consumer- and commercial-lending markets. The Fed will consider TALF's future, as well as that of a program to purchase $300 billion in long- and medium-term Treasuries, when it meets next week.

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