Federal Reserve To Continue QE and Use Powers Forcefully. Aggressively and Proactively


[b]Boston Fed’s Rosengren:
Economic rebound could be slowed by continued virus spread
More support likely needed from monetary and fiscal policy
Expects US unemployment rate to be double digits at the end of 2020
Fed is seeing steady stream of interest in May Street lending program

“Of course there is a learning curve, but we are seeing tremendous interest in the loans from businesses,” he said in prepared remarks. “Lenders are determining how they’ll participate in and communicate about the program. Borrowers will need to persist during this ramp-up phase.”