Fed Boldly Saves Markets and Now Frets for Main Street Business – Bloomberg

The Federal Reserve’s next front in the battle to support the U.S. economy is to prevent millions of American small businesses from becoming the Achilles heel of the recovery.Fed Chairman Jerome Powell told the Senate Banking Committee last week that he’s concerned about America’s “jobs machine” — its small and medium sized firms — tipping into bankruptcy and destroying the “work of many families and generations.” If that happens, there will be fewer jobs when state governors declare it’s safe
— Read on www.bloomberg.com/news/articles/2020-05-27/fed-boldly-saves-markets-and-now-frets-for-main-street-business