• Fed's chairman Powell: We are continuing to look at ways to accommodate additional borrowers

Notícias do Mercado

19 maio 2020

Fed's chairman Powell: We are continuing to look at ways to accommodate additional borrowers

  • Says Fed is looking at extending borrowing to states with relatively low populations
  • Expects Main Street Lending Program and other outstanding facilities to be running by the end of May
  • Fed is getting good deal of interest in its facilities
  • Anything that keeps people out of insolvency should be considered by Congress
  • Important to consider virus impacts on state and local governments
  • Fed and Congress may need to do more to aid economy
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