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The Fed Helped Companies Borrow Money. Some Laid Off Thousands Anyway

Federal Reserve Chair Jerome Powell speaks during a news conference in Washington on March 3. Companies can borrow money from the Fed under its new lending programs, but the central bank's effort to help the economy has had lopsided results. (AP)
Federal Reserve Chair Jerome Powell speaks during a news conference in Washington on March 3. Companies can borrow money from the Fed under its new lending programs, but the central bank's effort to help the economy has had lopsided results. (AP)

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