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 reduce monetary damage from the COVID-19 shutdowns, the Federal Reserve has actually injected more than $2 trillion of freshly produced fiat currency into the economy. Instead of restrict itself to depending on its normal tools such as providing directly to monetary companies through its discount rate window, the Fed is supplying directly to organization, directly obtaining corporate bonds, and getting state and city government bonds.
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