Small business success vital for US: Mishkin
The health of the United States economy is partly reliant on small businesses still having access to credit on competitive terms, according to Frederic Mishkin, a governor at the Federal Reserve.
Speaking to the United States Congress's Committee on Small Business on Wednesday, Mishkin said that small businesses access to credit had, since 2002, been robust but that was not sure if this would continue to be so.
"Credit conditions have no doubt tightened since mid-August, but small businesses
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