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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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The Federal Reserve Chair Jerome Powell just announced his new Monetary Policy plan at the Central Bank’s yearly Jackson Hole Summit. This new strategy relaxes inflation controls and focuses more on boosting inflation. Here’s exactly what’s happening!
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The Federal Reserve just cut the Federal Funds Rate for a third time this year. This, they insist, will be the last time they adjust this rate for the foreseeable future. This is exactly what the fed just announced and the thinking behind it.
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The Federal Reserve Just engaged in a large bailout of the short term lending REPO market. Here’s exactly what’s going on in this ongoing news story.
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