Fed reiterates push to keep credit flowing during pandemic
Chair Jerome Powell participates in the virtual Federal Open Market Committee (FOMC) press conference on Wednesday. Image courtesy of the Federal Reserve.
Thursday, Dec. 17, 2020, 03:56 PM
Nick Zulovich, Senior Editor
CARY, N.C. -
Finance companies likely remember what happened during the Great Recession 12 years ago when the credit market seized up as bad a car engine without oil. The Federal Reserve reiterated the significant steps it’s taking to ensure finance companies have the raw material to keep their portfolios growing. But the pace providers might be buying […]