Fed To Offer Huge Credit Help To Stem Economic Losses
PYMNTS
MARCH 23, 2020
David Joy, chief market strategist with Ameriprise in Boston, said while he applauds the Fed for trying, it simply won’t be enough. In the case of a county or city that’s dependent on sales tax, well, you just shut everything down … Unlike Uncle Sam, they can’t deficit spend,” he said.
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