A closed restaurant at Union Station in Washington, D.C. The Federal Reserve addressed several new lending programs in an effort to keep businesses and local governments afloat during the coronavirus pandemic.A closed restaurant at Union Station in Washington, D.C. The Federal Reserve addressed several new lending programs in an effort to keep businesses and local governments afloat during the coronavirus pandemic.
"Our country's highest priority must be to address this public health crisis, providing care for the ill and limiting the further spread of the virus," Fed Chairman Jerome Powell said in"The Fed's role is to provide as much relief and stability as we can during this period of constrained economic activity, and our actions today will help ensure that the eventual recovery is as vigorous as possible," he added.
The Federal Reserve should use this money to fund the Cares Act instead of asking Congress to give more money.
Here’s your headline: Trump administration will buy junk bonds to prop up the market; still no plan for ventilators.
The government’s attempt to get even deeper in citizens businesses and pockets after all is said and done.
As a small business owner I don’t need debt. I need cash.
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