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 attempt to alleviate economic damage from the COVID-19 shutdowns, the Federal Reserve has actually injected more than $2 trillion of newly produced fiat currency into the economy. Rather than restrict itself to relying on its usual tools such as providing directly to financial organizations through its discount rate window, the Fed is providing straight to companies, directly purchasing corporate bonds, and acquiring state and local government bonds.
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