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Lost on Main Street

机译:在主要街道上丢失了

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摘要

It sounded like a great idea back in April. With the economy getting hammered by Covid-19, the Federal Reserve hatched a bold plan to rescue thousands of midsize companies that were falling into a gap between government aid programs. Using its magic printing press, the U.S. central bank would take $75 billion appropriated by Congress and turn it into as much as $600 billion in loans to companies damaged by the pandemic. The effort now appears to have been doomed from the start, squeezed between legal restrictions on the Fed's emergency powers and the risk aversion of the banks that the program relied on to make loans. Eight months in, the Main Street Lending Program has pushed less than $6 billion out the door.
机译:它听起来像是一个很好的想法回到4月。随着Covid-19的经济锤击,美联储孵化了一个大胆的计划,以拯救数千家正在陷入政府援助计划之间的差距。美国中央银行使用其魔法印刷机将以750亿美元拨款,并将其转化为大流行损坏的公司贷款多达6000亿美元。现在的努力似乎已经从一开始就注定了注定,挤压对美联储紧急权力的法律限制以及该计划依赖于贷款的银行的风险厌恶。八个月内,主要街道贷款计划推出了少于60亿美元的门。

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