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