The Fed Boldly Saves Markets. Now It’s Worrying About Main Street Business
Fed is aware that destruction of Main Street could be hard to detect in macro data -> renewing contact with "local leaders" they established in previous "listening sessions” relying on reserve bank community networks. HOW IS THIS SUB-POLITICS ORGANIZED?
The Fed Boldly Saves Markets. Now It’s Worrying About Main Street Business - BBG
As America inches closer to the sobering milestone of 100,000 COVID-19 deaths, every state is reopening segments of economies. The National Guard had deployed to New Rochelle, N.Y., once the domestic epicenter. Today, its Main Street is beginning to open. @megoliver has more
Register: Join us on Friday, May 29 at 11 a.m. EDT for a webinar on the #FederalReserve ’s Main Street Lending Program. Potential borrowers will have the chance to ask Federal Reserve senior officials questions. Register: info: #MSLP
My hospitals need to stay open and my healthcare workers need to be protected first. But it seems like the Republican proposal is more focused on the big corporations and the health of Wall Street than the healthcare of the people in rural America and Main Street.
By blocking relief for Main Street, Democrats are behaving as they always do in circumstances like this one: hijacking the process to get other items included. Meanwhile, many #smallbiz are hanging on by a thread. Every day of delay means lost jobs.
It was wonderful to be back in Missouri where our push for historic TAX CUTS all began. Six months ago I promised that we would cut taxes to bring Main Street roaring back - and that is exactly what is happening!
Now, we have a once in a lifetime opportunity to RESTORE AMERICAN PROSPERITY – and RECLAIM AMERICA’S DESTINY. But in order to achieve this bright and glowing future, the SENATE MUST PASS TAX CUTS – and bring Main Street roaring back to life!
DEVELOPING: Flash flooding, water rescues reported in Maryland as heavy rain soaks much of the state. Video shows water rushing down Main Street in Ellicott City, just outside Baltimore. It's the same street devastated by flash flooding in July 2016.