Will The Fed Rescue State And City Budgets If Congress Won’t?

Will The Fed Rescue State And City Budgets If Congress Won’t?

Increased federal aid is essential as public budgets collapse and jobs are lost, and Congressional deadlock has some looking to the Fed for relief.  But the central bank is not acting aggressively to help states and cities.

The Federal Reserve building is seen on April 2, 2020 in Washington, DC. (Photo by Olivier DOULIERY … [+] / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)

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