Powell Says Fed Making Changes to Main Street Program

The transcript discusses the Main Street lending program, highlighting its design, challenges, and current status. It addresses the need for risk clarification by Congress, the Treasury's zero-loss target, and the program's legal framework under section 13. The discussion also covers underwriting expectations and the need for improvements to make the program more accessible to businesses in need.

What are the main concerns regarding the design or function of the Main Street lending program?

How much funding has Congress appropriated for the Main Street lending program?

What is the current status of loans being made under the Main Street program?

What challenges do borrowers face in accessing loans through the Main Street program?

What steps are being taken to improve the accessibility of the Main Street lending program?