The Fed just unleashed another $2.3 trillion to support the economy

[SheltieLover]

[link:https://wreg.com/news/the-fed-just-unleashed-another-2-3-trillion-to-support-the-economy/|

To dump's sleezebag hotels?



NEWS
by: CNN Wire

Posted: Apr 9, 2020 / 10:15 AM CDT / Updated: Apr 9, 2020 / 09:07 AM CDT

The Federal Reserve is continuing its extraordinary efforts to prop up the US economy in the wake of the coronavirus pandemic.

The central bank announced a new $2.3 trillion round of loans that include even more support for small businesses and consumers — and, for the first time, for states, cities and municipalities, too.

The Fed said Thursday that it is creating a Municipal Liquidity Facility with up to $500 billion in loans and $35 billion in credit protection in order to “help state and local governments manage cash flow stresses caused by the coronavirus pandemic.

More at link.

[malaise]

1. Greatest heist coming up in

3...2...1

[orwell]

2. 2 Trillion here...

...2 Trillion there.

Pretty soon you are talking about real money...

[malaise]

5. These were his words

In a historic drive to support our great workers and businesses, I signed into law the single-largest economic relief package in American history. You saw that yesterday.

The $2.2 trillion — and think of that: $2.2 trillion, but it goes to $6.2 trillion, depending on what we decide. This legislation delivers job retention loans for small businesses to help them keep workers on payroll, expanded unemployment benefits, and direct cash payments to American citizens. And these are very substantial payments. A family of four will be getting approximately $3,400.

https://www.whitehouse.gov/briefings-statements/remarks-president-trump-naval-station-norfolk-send-off-usns-comfort-norfolk-va/

[AlexSFCA]

3. anything to prop up stock market before election

[gibraltar72]

4. Proof that what they are doing isn't working.

[denem]

6. Trillion? They are just zeros on a computer screen.

[getagrip_already]

7. Can you say....

Hyperinflation? I knew you could.

We will make venezuela look like a dream economy when all this money hits the economy.

[democrattotheend]

8. This is my concern as well

That and the massive amounts of debt my generation and the generations even younger will have to pay to juice the economy in time for Trump's reelection.

[bluestarone]

9. I really believe tRUMP and (his cronies) know Biden will win. SO

They are INTENTIONALLY destroying our country! Gonna be BAD!