The Fed said it could supply the economy with $2.3 trillion. It hasn't come close so far

Instead, last week saw a modest contraction in the balance sheet, possibly indicative that "the rollout of the new 13 lending facilities has so far been a disappointment," Andrew Hunter, chief U.S. economist at Capital Economics, said in a note. of the Federal Reserve Act gives the central bank its emergency lending powers.)

"Many more lenders have inquired about the program and attended our outreach sessions, so we anticipate that many institutions will register for the program given its benefits to them, their customers, and the markets where they operate," Boston Fed spokesman Joel Werkema said in response to an email inquiry.

The municipal facilities also have seen relatively low levels of interest, possibly because short-term loans aren't much use to cash-strapped state and local governments that will have longer-range challenges to balance their books. In the meantime, the Fed is scooping up government and agency debt, with minimum purchases of $120 billion a month.

Awesome, now make it rain.

Increasing lending to a business environment that is scaling back its operations as a result of pandemic makes no sense. There is no liquidity crunch just a bunch of folks propping up asset prices until they can liquidate their holdings!

Now witness the firepower of this fully armed and operational money printer.

PipsToDollars Wow!

BareFootDave1 We need 2.3 trillion of test for the Coronavirus

Corporations were already flush with Cash after the Bailouts of 2009 and follow-on borrowing and stock Buybacks.. they didn't need the Money, and they don't really even need any business Profits

Likely because you have to be a Red Hat carrying Trump Donor.

santiv01

They’re finding it hard to create money out of nothing?! Who would’ve thought?

Check out dbongino THE INFORMATION IS OUT! FLYNN WAS SETUP BY OBAMA

Which means... more runway for stonks to go up?!

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