Update on Financial Markets and Small Businesses

May 25, 2020

Jason Ware, Albion Financial

Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin spoke with the Senate Banking Committee last Tuesday.  At that meeting Powell reiterated his view that Congress may have to authorize additional spending to prevent long-term damage to the economy. 

The country is beginning to understand the impacts coronavirus has had on small businesses, yet we are seeing the NASDAQ just 5% away from an all time high.  Mountain Money invited Jason Ware, with Albion Financial, back today to walk us through these issues so we may better understand the impacts.