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Okay, so I’ve got some #FedContent for you all this morning...
The Fed unveiled emergency programs that could dole out more than $2 trillion in loans to businesses of all sizes, as well as to struggling state and city governments, in a bid to keep the economy afloat as it is ravaged by the coronavirus pandemic. https://www.politico.com/news/2020/04/09/federal-reserve-coronavirus-relief-176808
Tucked into the recent recovery bill was a provision granting the Fed the right to set up a $450B bailout plan without following key provisions of federal open meetings law, including announcing mtgs or keeping most records about them (w/ @MaggieSeverns) https://www.politico.com/news/2020/04/09/coronavirus-recovery-bill-fed-records-176371
Federal agencies are easing rules on banks to ensure they can keep lending to households and businesses during a recession, but that's triggering concern among lawmakers that the lighter regulations will continue even after the emergency ends. https://www.politico.com/news/2020/04/09/coronavirus-bank-regulation-rollbacks-176418
And stay tuned for more news! Fed Chair Powell is scheduled to speak at 10. https://www.brookings.edu/events/webinar-federal-reserve-chair-jerome-powell-on-covid-19-and-the-economy/
