The 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
The central bank’s Main Street Lending Program is shaping up to be one of the trickiest things it has ever done
Fed Chairman Jerome Powell explained the Fed’s new round of $2.3 trillion in lending programs in an online forum Thursday, but underscored the limits of the central bank’s powers to halt the economic impact of the coronavirus pandemic. Photo: Eric Baradat/AFP
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Report: Feds, States Prepping Antitrust Lawsuits Against GoogleI’m a San Francisco-based reporter covering breaking news at Forbes. I’ve previously reported for USA Today, Business Insider, The San Francisco Business Times and San Jose Inside. I studied journalism at Syracuse University’s S.I. Newhouse School of Public Communications and was an editor at The Daily Orange, the university’s independent student newspaper. Follow me on Twitter rachsandl or shoot me an email rsandlerforbes.com.
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What did eight weeks and $3 trillion buy the U.S. in the fight against coronavirus?Unemployment checks are flowing, $490 billion has been shipped to small businesses, and the U.S. Federal Reserve has put about $2.5 trillion and counting behind domestic and global markets.
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Fed Chairman Jerome Powell warns that economic downturn could last until late 2021 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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