Chairman of the Federal Reserve Jerome Powell commented yesterday that the Federal Reserve will be making "some changes" to the Main Street Lending Program, “making it available pretty much to any company that needs it and can service a loan.”... (More)
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On Friday, the Federal Reserve made some promised changes to its guidance to banks that are participating in the Main Street Lending Program. I can’t imagine that these minimal changes will move the needle in the struggling program.
The main... (More)
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Yesterday, the Federal Reserve released data about its flagship Main Street Lending Program through the end of August. The results so far are weak at best and not surprising.
Some Key Points
- So far, just over $1.1 B has been... (More)