U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed trillions of dollars in cash and credit guarantees to build a 'bridge' to the post-pandemic world.
WASHINGTON - U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed trillions of dollars in cash and credit guarantees to build a “bridge” to the post-pandemic world.
It’s a longer-term dilemma, to be sure, when the priority is to prevent a wave of personal and business bankruptcies from creating an even deeper economic hole. But it is one the world’s central banks and elected leaders are struggling to get right even as they roll out unprecedented support. A misstep could damage productivity and slow the hoped-for recovery.
Boston Fed President Eric Rosengren, whose bank will administer the program, described the hunt for a sweet spot in which loans are too expensive for firms that “have no problems” while troubled borrowers are weeded out by private banks who must put some of their money at risk for each loan the Fed makes.
Central banks in Europe and elsewhere have seen similar tepid use of “liquidity” programs, which is also viewed as evidence the financial sector only needs to know that central bank help is available if needed, not to actually tap it.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Why Main Street is suffering while Wall Street is soaring“When trillion-dollar companies go up 5 percent, they’re literally going up $50 billion — and that winds up being much more important to the direction of the stock market,' said one economist.
Weiterlesen »
99 Hot and Cold Appetizers That Will Put the Main Course to ShameWhether you're looking for something easy to make or a challenge, these hot and cold appetizers include finger foods, dips, and more for all skill levels!
Weiterlesen »
'The Good Fight' composer breaks down the bombastic main title musicComposer David Buckley reveals how he created the operatic opening music for 'The Good Fight' on CBS All Access.
Weiterlesen »
Factbox: The art of EU deal: main fights ahead on budget, recovery schemeMany fights lie ahead for European Union countries before they can reach unanimous agreement on the proposed 1.85 trillion euros worth of spending through their next joint budget and a new coronavirus economic recovery scheme.
Weiterlesen »
Ina Garten's Cacio e Pepe Roasted Asparagus Looks Tasty Enough to Be the Main CourseGet the whole family to eat their greens with inagarten's cheesy cacio e pepe asparagus recipe. 🧀
Weiterlesen »
Why Main Street is suffering while Wall Street is soaring“When trillion-dollar companies go up 5 percent, they’re literally going up $50 billion — and that winds up being much more important to the direction of the stock market,' said one economist.
Weiterlesen »