Rep. Pascrell Calls on Federal Reserve to Aid States
April 07, 2020
April 07, 2020
PATERSON, New Jersey, April 7 -- Rep. Bill Pascrell Jr., D-New Jersey, issued the following news release:
U.S. Rep. Bill Pascrell, Jr. (D-NJ-09) wrote to Federal Reserve Chairman Jerome Powell calling on the Fed to begin buying up municipal debt to give state and local governments flexibility to defeat the COVID-19 pandemic.
"The burdens weathered by our state, city, and local governments will be astronomical. Many are already now contemplating significant budgetar . . .
U.S. Rep. Bill Pascrell, Jr. (D-NJ-09) wrote to Federal Reserve Chairman Jerome Powell calling on the Fed to begin buying up municipal debt to give state and local governments flexibility to defeat the COVID-19 pandemic.
"The burdens weathered by our state, city, and local governments will be astronomical. Many are already now contemplating significant budgetar . . .