Confucius: the man who broke the mountain was the same man who started ...
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Powell: only limit on Fed is the amount of backstop it gets from the treasury
U.S. FED'S POWELL SAYS ON NBC ONLY LIMIT ON FED IS THE AMOUNT OF BACKSTOP IT GETS FROM THE TREASURY
— *Walter Bloomberg (@DeItaone) March 26, 2020
Added at 7:11am
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POWELL SAYS EVERY DOLLAR FROM TREASURY CAN SUPPORT $10 IN FED LOANS - NBC
— *Walter Bloomberg (@DeItaone) March 26, 2020
Added at 7:11am
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"All over the world investors have pulled back to less risky things, but what that's meant is many places in the capital markets ... have just stopped working. We can step in and replace that lending under our emergency lending powers, and we will do that." -Powell pic.twitter.com/ZIOyDWsVWq
— TODAY (@TODAYshow) March 26, 2020
Added at 7:14am
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Fed’s Powell: When Virus Is Under Control, Confidence Will Return
— LiveSquawk (@LiveSquawk) March 26, 2020
- Could see Good Rebound When Virus Passes
- Fed Trying To Ensure Rebound As Vigorous As Possible
Added at 7:21am
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POWELL SAYS WE'RE NOT GOING TO RUN OUT OF AMMUNITION WHEN IT COMES TO UPCOMING LENDING
— RedboxGlobal (@RedboxWire) March 26, 2020
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