I just would say that, for example, the municipal facility--the level of municipal borrowing is set to exceed the all-time annual record this year, and that is because of the backstop of this facility.
Powell discusses the success of the municipal borrowing facility.
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Job growth, he said, has slowed considerably and that the downside risks to employment are rising.
We do not take into account the fortunes of any political party or politician.
As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.
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