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Illustration: Sarah Grillo/Axios

The Federal Reserve announced Thursday that it will publish details about recipients of its various loans and financings through the CARES Act on a monthly basis, including their names, loan amounts, interest charged and associated costs and fees.

Why it matters: The disclosures won't shed light on recipients of the Paycheck Protection Program since it's not headed up by the Fed. But the move gets ahead of calls for transparency by agreeing to release which businesses get funding from the central bank's $600 billion Main Street Lending Program, as well as a separate program to fund states and municipalities.

Go deeper: Fed will lend up to $2.3 trillion amid coronavirus crisis

Go deeper

Trump administration to allow yearlong renewals for current DACA recipients

Photo: Alex Wong/Getty Images

The Trump administration is allowing Deferred Action for Childhood Arrivals (DACA) recipients to renew their protections under the program for one year as officials begin a review of DACA and how the administration attempted to end it, a senior administration official announced Tuesday.

Between the lines: Despite the Supreme Court ruling that Trump illegally ended the Obama-era program in June and a federal judge ruling earlier this month that it must be restored to its full status, the administration will continue to reject new applications, according to the official.

Fed chair warns path of the economy depends on path of coronavirus

Fed chair Jerome Powell at a virtual press conference in April. Photo: Federal Reserve via Getty Images

The Federal Reserve sees a slowing pace of economic growth after the coronavirus outbreak began to worsen in June, chairman Jerome Powell told reporters on Wednesday.

Why it matters: Powell's comments came as the Fed took its most forceful tone yet to emphasize that the fate of the economy is inextricably linked to the course of the virus — alluding to the fact there is no trade-off between the economy and the pandemic, and that economic recovery is all but impossible if the virus isn't contained.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: The good and bad news about antibody therapies — Fauci: Hotspots have materialized across "the entire country."
  2. World: Belgium imposes lockdown, citing "health emergency" due to influx of cases.
  3. Economy: Conference Board predicts economy won’t fully recover until late 2021.
  4. Education: Surge threatens to shut classrooms down again.
  5. Technology: The pandemic isn't slowing tech.
  6. Travel: CDC replaces COVID-19 cruise ban with less restrictive "conditional sailing order."
  7. Sports: High school football's pandemic struggles.
  8. 🎧Podcast: The vaccine race turns toward nationalism.

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