Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


The Federal Reserve: The American economy needs more support .. and the Treasury Secretary responds

rocky
rocky
NNP TEAM
NNP TEAM

Posts : 203474
Join date : 2012-12-21

The Federal Reserve: The American economy needs more support .. and the Treasury Secretary responds Empty The Federal Reserve: The American economy needs more support .. and the Treasury Secretary responds

Post by rocky Wed 29 Apr 2020, 5:25 pm

[size=39]The Federal Reserve: The American economy needs more support .. and the Treasury Secretary responds


April 30, 2020
[/size]

The Federal Reserve: The American economy needs more support .. and the Treasury Secretary responds 2020-04-22T000000Z_1449900378_RC2Q9G9ML20E_RTRMADP_3_HEALTH-CORONAVIRUS-USA-ECONOMY


US Treasury Secretary Stephen Mnuchin announced Wednesday that he is ready to put more money into new lending programs that have been activated due to the Corona crisis, to support the US economy.
This comes as US Central Bank President Jerome Powell warned on Wednesday that the US economy "may decline to an unprecedented level in the second quarter" of 2020 due to the Covid-19 epidemic.
"We do not yet know the size and duration of the economic slowdown, and they are to a large extent subject to the speed of containing the virus," he told a news conference, stressing that the Federal Reserve will seek to ensure "a robust recovery as possible."
To this end, the central bank will use all available tools because the economy "will definitely need more support" than has been provided so far, Powell said.
Treasury Minister Mnuchin revealed that he was holding about $ 259 million out of the $ 2.2 trillion economic package that passed in late March, but he stressed that these funds would not be lending to major companies such as airlines, oil and gas. 
And many airlines have already received about $ 25 billion from the payroll assistance program, and companies that get this help should keep employees and their salaries until the end of next September. 


https://www.alhurra.com/usa/2020/04/30/%D8%A7%D9%84%D8%A7%D8%AD%D8%AA%D9%8A%D8%A7%D8%B7%D9%8A-%D8%A7%D9%84%D9%81%D9%8A%D8%AF%D8%B1%D8%A7%D9%84%D9%8A-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D8%A3%D9%85%D9%8A%D8%B1%D9%83%D9%8A-%D9%8A%D8%AD%D8%AA%D8%A7%D8%AC-%D8%AF%D8%B9%D9%85%D8%A7-%D8%A3%D9%83%D8%A8%D8%B1-%D9%88%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%AE%D8%B2%D8%A7%D9%86%D8%A9-%D9%8A%D8%B1%D8%AF

    Current date/time is Sun 24 Oct 2021, 1:58 pm