Fed announces unlimited bond purchases in unprecedented move to help U.S. economy weather coronavirus meltdown
By Washington Post Staff
March 23, 2020
The U.S. central bank announced it would go beyond its prior commitment of $700 billion in bond purchases to buy “the amounts needed” to keep markets functioning and the economy stable. It also announced significant new programs to keep credit flowing to businesses and consumers, including loans for students, auto buyers and small businesses.
"Darwin was the first to use data from nature to convince people that evolution is true, and his idea of natural selection was truly novel. It testifies to his genius that the concept of natural theology, accepted by most educated Westerners before 1859, was vanquished within only a few years by a single five-hundred-page book. On the Origin of Species turned the mysteries of life's diversity from mythology into genuine science." -- Jerry Coyne
Monday, March 23, 2020
The Federal Reserve announced Monday an unlimited expansion of bond purchasing programs to backstop the credit markets, as millions of American households and businesses are getting crushed by the economic shutdown due to the spreading coronavirus.
Labels:
2020/03 MARCH,
coronavirus,
United States,
Washington Post
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