US Fed ramps up cash injections to keep market gears grinding


Washington (AFP) – The Federal Reserve on Thursday massively increased its efforts to keep the economy on track and quell the growing uncertainty caused by the coronavirus pandemic, injecting $1.5 trillion of cash into markets this week.But economists warn the central bank’s actions will not be sufficient without government firepower in the form of aggressive spending.The Fed’s actions were reminiscent of the worst days of the 2008 global financial crisis, when the central bank used all of its policy tools and then created new ones to try to stop the economy’s freefall.For the third time in a …

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