Visits to shops and recreation outlets have picked up more quickly in Europe
Hiring slowed sharply in manufacturing, construction and health care services
Unemployment rate fell to 10.2% in July
Since the Fed's previous meeting in June, the pandemic's threat to the economy has appeared to worsen
The announcement comes as the U.S. struggles to control the coronavirus
Groups like hospitals and educational institutions will be included
However, the central bank has slowed its purchases in recent weeks
Some economists say it could take two years or more
The job gain stores and companies may be starting to rehire
Fed Chair Jerome Powell discussed new Main Street Lending program on Friday