Section 13.3 of the Federal Reserve Act is helping small business in the pandemic
Bob McTeer joins Jim Blasingame to report on a little-known part of the Federal Reserve Act – Section 13.3 – which allows the Fed to help small businesses directly as a “lender of last resort” during emergency periods.
More interviews with Bob McTeer
Past emergencies the Fed calls on to deal with the pandemic
How long with Chairman Yellen lead the Fed?
Should the Fed begin reducing its balance sheet?
Will the Fed raise rates during this FOMC meeting?
Why 3% GDP growth in 2017 is looking unlikely
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