Fed’s Rosengren Says Main Street Lending Program Two Weeks Away

Federal Reserve Bank of Boston President Eric Rosengren said the roll-out of a new lending program for small-and-medium-sized U.S. companies may still be “another couple” of weeks away.

“It’s a complicated facility to appropriately scope,” he said in an interview Wednesday on Bloomberg Television with Michael McKee. “We’re doing these facilities as fast as we can, and like every organization we’re dealing with a lot of people that are working remotely from home.”

Rosengren speaks to Bloomberg’s Mike McKee.

Rosengren added that the facility was “still in the design phase” and that it was important to ensure that banks understand how it will work. ...