Washington, D.C. — U.S. Chamber CEO Thomas J. Donohue issued the following statement today after the announcement that the New York Federal Reserve is injecting cash into the lending market:
“The Chamber applauds the Federal Reserve’s guidance to banks on how to work with customers, and the New York Federal Reserve injecting cash in lending markets. These common-sense solutions will help ensure economic resilience as we navigate the economic headwinds created by the Coronavirus.
“It is important to remember that the fundamentals of the American economy remain strong. Businesses and consumers alike should be guided by facts and good counsel from medical and public health experts, not fear, as we continually asses next steps to combat the virus and its impact on businesses and the economy.”