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U.S. Fed's Main Street lending facility likely to start with a whimper

From reuters.com

The Federal Reserve’s most ambitious and complicated crisis relief program is set to launch in coming days but it is far from certain that the small and mid-sized businesses the $600 billion “Main Street Lending Facility” is meant to help will come clamoring for loans.Two months into the economic crisis spurred by the novel coronavirus pandemic, some lobbyists, bankers and small business consultants say the loans may be too large to help many struggling businesses and some borrowers are worried about coming under public scrutiny. Some lenders also say they are concerned about the balance sheet risks they could face ... (full story)

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  • Category: Fundamental Analysis