Whatever It Takes: How the Fed Aims to Rescue the Economy

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from The New York Times,

The Federal Reserve on Monday pledged to do, in essence, whatever it takes to keep the economy from collapsing under the weight of the coronavirus pandemic.

The Fed’s announcement had lots of bureaucratic jargon and an alphabet soup of acronyms. But at its core, the central bank was making a simple promise, summed up in the first sentence of its news release: The Fed is “committed to using its full range of tools to support households, businesses and the U.S. economy overall.”

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