The Federal Reserve’s Main Street Facility is very challenging because of the wide diversity of companies, Jerome Powell, Chairman of the Federal Reserve System, said on Friday. Additional takeaways “We are trying to figure out the right credit products for that market is quite challenging.” “Fed is days away from making first loans in Main Street facility.” “Main Street facility far and away the biggest challenge of any of the programs Fed has set up.” “Could imagine expanding on either end of the program for the size of employers.” “Program looking for companies in good, solid financial shape before the pandemic.” “Evidence on whether negative rates work is mixed.” “Negative rates hurt bank margins, can make them lend less.” Market reaction These comments were largely ignored by the market participants. As of writing, the US Dollar Index was down 0.26% on the day at 98.20. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Weekly Forecast: BTC/USD bulls fight for every inch of the ground on their way to $10,000 FX Street 3 years The Federal Reserve's Main Street Facility is very challenging because of the wide diversity of companies, Jerome Powell, Chairman of the Federal Reserve System, said on Friday. Additional takeaways "We are trying to figure out the right credit products for that market is quite challenging." "Fed is days away from making first loans in Main Street facility." "Main Street facility far and away the biggest challenge of any of the programs Fed has set up." "Could imagine expanding on either end of the program for the size of employers." "Program looking for companies in good, solid financial shape before the pandemic."… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
