- The Federal Reserve responded rapidly to stem losses from a “synchronized global sell-off” to help markets function as investors fled to safety on worries about the coronavirus outbreak, a senior official at the New York Fed said on Friday.
“The bottom line here is time is of the essence,” Singh said during a moderated discussion organized by the Money Marketeers of New York University. “The speed and the scale of downside pressure on the economy I think we’d all acknowledge is unprecedented in our lifetimes, so we’re doing whatever we can within our mandate to match that speed and scale.”
He recapped the steps the Fed has taken to help companies borrow by supporting the markets for commercial paper, corporate bonds and municipal bonds. The Fed’s efforts helped to stabilize short-term funding markets but some strain remains in the market for commercial paper, he said. Singh said the New York Fed will pay close attention to those working relationships to address potential conflicts of interest and to minimize risks.
What facilities are left to try? Direct buying of stocks?
Trump Savings & Trust With a big name over the door of course
BelfastAgmt Soviet Stormont? ⚒️
ForaMaia
Indian Premier League 2020 season has now been....IPLT20 coronavirus Covid_19