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Transcripts For CSPAN Federal Reserve Chair Powell Holds News Conference On Monetary Policy 20240713

Lendfaction, and we cannot insolvent companies it is clear these are lending bound to implement the laws that Congress Gives us. We cant make grants. That in my raised remarks is that i just want to be clear on that. Ou know, we can do what we can do and we will do it to the absolute limit of those powers. It. L keep at and you i just want people to know that we will be at it with that we authorities have until we get through this thing. We will keep using our authorities. Ut there are authorities that we dont have and there may be a need for those authorities to be used as well as ours. Powell. Hair its heather long from the washington post. I have two questions for you. Timing. Do you plan to launch the corporate facility and main lending facilities in may, early may, anything you can timing . A sense on second in a statement you referred to the fmoca refers to medium term risks from the pandemic. Think unds like you all this is going to be a long recovery, a long road to recovery. C

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