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In this Real Estate News Brief for the week ending June 13th, 2020\u2026 the Fed\u2019s plan for the economy, why small businesses are optimistic, and a sudden surge in short-term rental reservations. \xa0 We begin with economic news from this past week and word from the Fed that the federal funds rate will probably stay right where it is, at zero, for the next couple of years. Fed Chief Jerome Powell said in a news conference after the mid-year meeting: \u201cWe\u2019re not even thinking about raising rates.\u201d He didn\u2019t mention negative rates either which is something that other countries have done. Powell also said the Federal Reserve would use a \u201cfull range of tools\u201d to support the economy. That includes the buying of Treasuries and mortgage-backed securities to provide lending liquidity to the market. The Fed\u2019s current balance sheet is about $7 trillion dollars. \xa0 www.NewsForInvestors.com