FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis
Meanwhile, the central bank has still made no loans under its two-week old Main Street lending facility, meant to extend easy credit to small and mid-sized businesses that cannot get it elsewhere, the data showed. But since the onset of the coronavirus crisis, financial conditions have eased, making credit more easily available. That has been in no small part due to the Fed’s other actions, including a raft of other credit and lending facilities as well as billions of dollars of bond-buying that drove its balance sheet to record size last month.
Look in Trump's pockets and payoffs to oligarchs. Whaddya know....found it.
Bailouts and stimulus for the wealthy. Evictions and foreclosures for everyone else. Thanks Trump!
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