Schumer urges Fed’s Powell to open loan programs to nonprofits, local governments

Schumer urges Fed’s Powell to open loan programs to nonprofits, local governments

© Reuters. Schumer makes a statement after meetings to wrap up work on coronavirus economic aid legislation

WASHINGTON (Reuters) – U.S. Senate Democratic leader Chuck Schumer said he had urged Federal Reserve Chairman Jerome Powell in a phone call on Monday to open Fed’s Main Street Lending program to nonprofits and local governments.

In a statement, Schumer said Powell “indicated to me that the Fed is actively working on solutions, and nonprofits will very likely be included.”

Schumer also said Powell “assured me that the Fed was similarly working to make the program directly accessible to more cities and counties.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Latest Category Posts