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Federal Reserve Will Buy Unlimited Treasury Securities To Support Coronavirus-Hit Financial Markets
Summary: The U.S. Federal Reserve said it will be buying as many Treasury and mortgage-backed securities as needed to support the coronavirus-hit financial markets. In a statement on March 23, the central bank said, “Aggressive efforts must be taken across the public and private sectors to limit the losses to jobs and incomes and to promote ...
The U.S. Federal Reserve said it will be buying as many Treasury and mortgage-backed securities as needed to support the coronavirus-hit financial markets.
In a statement on March 23, the central bank said, “Aggressive efforts must be taken across the public and private sectors to limit the losses to jobs and incomes and to promote a swift recovery once the disruptions abate.”
The Fed had previously said it would buy at least $500 billion of Treasury securities and at least $200 billion of mortgage-backed securities.
By Roland James
Tags: Coronavirus,Federal Reserve,Markets,mortgage-backed securities,Treasury,treasury securities
Link: Federal Reserve Will Buy Unlimited Treasury Securities To Support Coronavirus-Hit Financial Markets [Copy]
