Financial Services Financial Services

US Fed may add nonprofits to pending Main Street Lending Program, Powell says

By Neil Roland
  • 11 Jun 2020 15:32
  • 11 Jun 2020 15:32
The US Federal Reserve may include nonprofits in its pending Main Street Lending Program for small and mid-sized businesses, Chairman Jerome Powell said, in the wake of a new study showing the “devastating impacts” of the pandemic on these organizations.
“One thing we’re looking at, very strongly looking at, is

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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