Fed ramps up programs to provide financing to US economy

Washington (AFP) – Warning of “severe disruptions” from the coronavirus, the US Federal Reserve on Monday rolled out another series of measures to pump funds into the economy, including buying unlimited amounts of government debt.The Fed has already announced it would buy at least $500 billion of Treasury debt as well as $200 billion of mortgage-backed debt, but now has committed to buying “in the amounts needed to support smooth market functioning,” a move akin to printing money.In addition, the Fed said it would soon unveil a program to lend directly to small- and medium-sized companies — t…

Read More

Like what you read? Didn't like what you read? Weigh in!