The Good, the Bad, and the Ugly: The Federal Reserve’s Attem…
The Good, the Bad, and the Ugly: The Federal Reserve’s Attempt to Contain COVID-19 Economic Damage
In an effort to minimize financial damage from the COVID-19 shutdowns, the Federal Reserve has really injected more than $2 trillion of freshly produced fiat currency into the economy. Instead of restrict itself to relying on its typical tools such as offering directly to financial companies through its discount rate window, the Fed is providing straight to business, directly acquiring corporate bonds, and getting state and local government bonds.
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