Fed’s Bostic: Fed’s lending facilities have eased the strain on market

Atlanta Fed president, Raphael Bostic, was out with some comments in the last hour saying that the strain in the housing market is not as severe as expected.

Additional quotes:

• The Fed's lending facilities have eased the strain on markets.
• Much of the US economy is based on confidence.
• Seeing signals of increased business and consumer concerns.
• Businesses are examining ways to automate and reduce workers.
• Businesses are getting nervous again and worried that the virus has been going on longer than they had planned for.