Economics
Fed Unbound: All the U.S. Central Bank’s Corona-Related Moves
- Steps run from rate cuts to emergency credit for businesses
- Fed may expand and add more facilities as Congress acts
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The Federal Reserve has taken unprecedented steps to lessen the impact of the coronavirus pandemic on global financial markets and the U.S. economy.
Beginning with an emergency interest-rate cut announced March 3, the Fed has run through its 2008-09 crisis playbook and leapt into uncharted territory.