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Beige Book Details Widespread Economic Damage

The FED Said The Federal Reserve Bank of Atlanta’s new Beige Book report details the coronavirus pandemic’s far-reaching economic toll across the Southeast. Contacts in the Sixth Federal Reserve District said economic activity continued to decline from April to early May. Almost no sector was spared. Pay cuts and reduced hours were widespread. Tourism and hospitality contacts […] Read more

In Plain English: Fed’s Emergency Programs Share Goal of Limiting Economic Damage

The FED Said The names are not exactly lyrical. The Primary Market Corporate Credit Facility. The Secondary Market Corporate Credit Facility. The Term Asset-Backed Securities Loan Facility. No doubt, many Americans don’t understand the intricacies of the Federal Reserve’s many moves to keep credit flowing to households and businesses amid the coronavirus pandemic. But the […] Read more