Opinion | The Main Street Fakeout

The Federal Reserve on Thursday rolled out revised phrases for its Principal Avenue Lending Program, and we marvel why it bothered. The small print counsel the Fed and Treasury would fairly not have anybody use the power.

The Fed mentioned it obtained some 2,200 feedback on its unique phrases, nevertheless it didn’t do a lot to make this system extra engaging to needy small and medium-sized debtors throughout America. The Fed diminished the minimal mortgage measurement to $500,000 from $1 million, and it expanded the pool of eligible debtors to incorporate corporations…

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