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Fed Announces Unlimited Bond Purchases in Unprecedented Move to Help U.S. Economy Weather Coronavirus Meltdown

Published on March 23, 2020 by The Washington Post
Fed Announces Unlimited Bond Purchases in Unprecedented Move to Help U.S. Economy Weather Coronavirus Meltdown

The Federal Reserve announced Monday an unlimited expansion of bond purchasing programs to backstop the U.S. economy, as millions of American households and businesses are getting crushed by the near total shutdown of daily life to fight the coronavirus.

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