23-03-2020 22:33 via uk.finance.yahoo.com

How the Fed's latest move will get money to Main Street

The U.S. Federal Reserve said on Monday it would backstop an unprecedented range of credit for households, small businesses and major employers in an attempt to stop the economy from sliding into depression as the coronavirus spreads.The Fed is creating new programs for the nearly 5,200 FDIC- insured U.S. banks, as well as finance companies and corporations to stave off business bankruptcies and keep employee paychecks flowing."It's their bazooka moment," said Russell Price, chief economist at A
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