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Treasury Secretary Steve Mnuchin and Federal Reserve Chairman Jerome Powell are fighting over the future of the Fed’s Main Street Lending Program. This debate has rolled over into the current congressional stimulus debate. Here’s what’s going on with this debate.
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Last week the Federal Government passed a two trillion dollar spending bill, a quarter of that funding, five hundred billion dollars, was allocated for corporate bailouts. This package is set to be distributed by the federal reserve to buy corporate bonds, but who boy is it not that simple. Here’s exactly what’s happening.
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