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The bill's introduction comes as the coronavirus pandemic disproportionately affects communities of color and calls for Fed intervention amplify.New legislation pitched by Democrats in Congress calls on the Federal Reserve to target racial inequalities in the US economy." calls for the Fed and Federal Open Market Committee to reduce and eliminate disparities "across racial and ethnic groups with respect to employment, income, wealth, and access to affordable credit.
Should it be passed, the central bank's mandate would be changed for the first time since 1977. The Fed's current mission is to maintain stable inflation and maximize US employment. Though its typical policy actions center on interest rate changes, the coronavirus pandemic ushered in the Fed's use of unprecedented lending facilities and corporate bond purchases.
Lmao.....no.
If there's things that can be done, I'm all for it. But the risk-benefit scenario for lenders based on their customer's ability and likelihood to repay seems to be the primary driver here.
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Inside story: Humana's $100 million bet on telehealth startup Heal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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Unemployed during coronavirus pandemic: Business Insider survey - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Well Good Evening, check me out then Work at a university. So yup. Unemployed. And they are clueless how to reopen so far.
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Study: More Republican supporters than Democrats making TikTok content - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. stokel That's ironic and explains a lot. At the same time, what is the role of Microsoft in this acquisition? SAI stokel The study ends in Feb. 2000, before Covid-19 and BLM, which pretty much renders it outdated. BIUK stokel Has anyone coined Tik Tok Tax
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Survey: US companies cut back sharply on hiring in JulyU.S. businesses sharply reduced hiring last month, suggesting that the resurgent viral outbreak has slowed the economic recovery. Firms added just 167,000 jobs in July, payroll processor ADP says, far below June’s gain of 4.3 million. Thank you Donald Trump 👎 Kinda hard to hire when your business has been looted and rioters have taken over the streets!! This is what Democrats want for America? Trump2020LetsSaveAmerica Proving again that had the opening been delayed it would have cost the economy less
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