An open revolt from the Fed, that is very sturdy language at this stage of governance, make no mistake:
- “The Federal Reserve would favor that the total suite of emergency services established in the course of the coronavirus pandemic proceed to serve their essential position as a backstop for our still-strained and weak economic system.”
Fed responding to:
The Fed is, in impact, pleading for help in supporting the economic system however the Trump administration is refusing.
Congress is in stalemate over including fiscal assist, chopping financial assist can do little greater than injury an already fragile economic system.