U.S. Stimulus Bill - I Just Need Some Liquidity Maaaaan
Robin Williams in 2009, talking about the banks and their liquidity addiction.
But this time it's different.
Shhh, it actually is.
The banks (generally) have plenty stashed away.
It's households and businesses that need juicing this time.
Unfortunately, stimulus talks appear to have reached an impasse at the worst possible time.
The recovery is slowing.
The federal reserve is at the limits of what they can do.
Powell has been very clear that the Federal reserve has "lending powers not spending powers".
He also commented, “many borrowers will benefit from these programmes, as will the overall economy, but for others,