Fed Reserve ramps up efforts
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Fed Reserve ramps up efforts
1 minute readThe Federal Reserve’s massive second wave of fiscal announcements are its latest efforts to address the worldwide economic crisis caused by the outbreak of Covid-19.
The central bank has committed to unlimited purchases of bonds and to keep borrowing costs low. They also announced programs to ensure credit flows to shore up companies, households and small businesses. Described as, ‘aggressive action to confront severe disruptions’, US equity futures reversed a decline from the news, with the US dollar starting to erase its daily gains.
In the UK, PM Boris Johnson is considering introducing more restrictions to movements to encourage further social distancing.
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