The four Federal Reserve aid programs that haven't launched yet - including its $600 billion Main Street Lending Program - will be operational by the end of May, chair Jerome Powell said during a Tuesday Senate hearing.
Speaking at the same hearing, Treasury Secretary Steven Mnuchin said the department plans to use all $500 billion Congress allocated for economic relief.
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The Fed’s $600 Billion Challenge: Lending Directly to BusinessesThe Federal Reserve is preparing to lend directly to middle-market businesses, filling a hole left by the government’s economic-crisis relief efforts, and it is shaping up to be one of the trickiest things it has ever done. RBI should study this FinMinIndia What about the Eurozone and Japan. Without their economies saved global companies like $AAPL will be swirling down the toilet bowl.
Source: WSJ - 🏆 98. / 63 Read more »
Fed's Powell says new lending programs to launch by June 1Federal Reserve Chair Jerome Powell and Treasury Secretary Steve Mnuchin testify before a Senate panel. Powell said new lending programs will launch by June 1. Mnuchin defended the administration's support for reopening the economy. EndTheShutdownNow EndTheShutdownNow EndTheShutdownNow And the fools got schooled!! so nice of you to use the file photo when he is cowering in his bunker
Source: AP - 🏆 728. / 51 Read more »
The Fed’s $600 Billion Challenge: Lending Directly to BusinessesThe Federal Reserve is preparing to lend directly to middle-market businesses, filling a hole left by the government’s economic-crisis relief efforts, and it is shaping up to be one of the trickiest things it has ever done. RBI should study this FinMinIndia What about the Eurozone and Japan. Without their economies saved global companies like $AAPL will be swirling down the toilet bowl.
Source: WSJ - 🏆 98. / 63 Read more »