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Fed Sidesteps Congress’s Bickering With Sweeping Rescue Plan

  • Fed moves vault beyond liquidity measures into credit policy
  • Few strings attached for new Fed corporate lending programs
Bloomberg business news
Fed Signals Unlimited QE With All-In Pledge

The Federal Reserve ventured into political territory Monday by offering to directly finance U.S. companies, jumping ahead of Congress -- which is still arguing over similar assistance.

Unveiling unprecedented measures to shelter the economy from the coronavirus, the Fed acted after the failure so far by U.S. lawmakers to advance a $2 trillion dollar stimulus package.