Federal Reserve

The Federal Reserve estimated unemployment will be at 9.3% by the end of 2020.

The loans will be bigger than those from the Paycheck Protection Program — and they can't be forgiven.

The central bank is already buying bonds to keep money flowing, but it has a few more tools in its kit.

Senators brought up issues they've seen with the government's small business loan program.

It may take until the end of 2021 for the economy to recover, Jerome Powell said Sunday.

Powell cautioned that numerous bankruptcies among small businesses and extended unemployment for many people remain a serious risk.

Politicians never want to tell voters about the need to balance the budget through tax hikes or spending cuts.

Turns out it's much more akin to printing money than it is to borrowing.

The loans, to support American households, businesses and local governments, is part of the Main Street Lending Program authorized by the economic relief law.

"Until we have a vaccine and people are completely comfortable, the duration and severity of this downturn are hard to determine," Boston Fed President Eric Rosengren said.