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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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Today the Federal Reserve announced unlimited quantitative easing measures to stimulate liquidity in the markets. This, combined with the Federal Reserve’s actions in the REPO overnight markets, is an attempt to get banks to make more loans to consumers. Here is exactly what’s happening.
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