Powell: Fed to soon begin 'challenging' Main Street lending

Powell: Fed to soon begin 'challenging' Main Street lendingFederal Reserve Chair Jerome Powell acknowledged Friday that the Fed faces a major challenge with the launch in the coming days of a program that will lend to companies other than banks for the first time since the Great Depression. The Fed's Main Street Lending is geared toward medium-sized companies that are too large for the government's small business lending program and too small to sell bonds or stock to the public. Powell said that Main Street will make its first loans in a “few days.”




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Lebanon's Hezbollah, blamed by Saad Hariri for his shock resignation as premier, has grown over the three decades since its founding into a mighty army used by Iran to project regional influence. Hariri criticised the powerful Shiite movement for its meddling across the Middle East during a televised interview from Saudi Arabia on Sunday, his first media appearance since he stepped down on November 4. Hezbollah has participated in Hariri's government for almost a year. from Yahoo News - Latest News & Headlines http://ift.tt/2zW9VRN
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