Credit conditions aren't so loose for people who need money most. Despite trillions of dollars of Fed stimulus & near record low benchmark rates, a record proportion of banks reported tightening lending standards on consumer credit card loans as of July 31: Fed data
Here are 3 possible reasons that may have catalyzed #Bitcoin ’s recovery and the US dollar’s slump ahead of Powell’s speech.
The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billion Dollars for Paycheck Protection Program for Small Business. Both of these will be fully paid for with unused funds from the Cares Act. Have this money. I will sign now!