Expect Fed's Main Street lending and other programs to be running by month-end, Powell says

Author: Adam Button | Category: Central Banks

Comments from Powell in the Q&A:

  • Important to consider virus impacts on state and local governments
  • Fed and Congress may need to do more to aid economy
  • The Fed can only address short-term funding needs of state and local governments
Separately, the Fed's Kashkari is also speaking and said that 'strong' growth in the US is probably a year or two away.

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