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Powell: Fed might broaden Main Street program

Monday, June 1, 2020   (0 Comments)
Posted by: Amanda Averch
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The Federal Reserve is considering expanding the Main Street Lending Program to include companies that need help to prevent layoffs but that currently don't qualify, Chairman Jerome Powell says. The program, due to launch in the coming days, is open to companies with 15,000 or fewer employees and with $5 billion or less in revenue, but Powell says those limits could be adjusted "on either end."

Full Story: Reuters (5/29),  The Hill (5/29)  

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