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Bookmark or Share- Timeline: The Federal Reserve Responds to the Threat of CoronavirusExecutive Summary On March 15, 2020, the Federal Reserve embarked on a large-scale program employing emergency powers in order to stabilize a tumultuous economy under pressure from the novel coronavirus COVID-19. Chief among these emergency actions are cutting interest rates effectively to zero and a $700 billion round of quantitative easing. Despite these actions, stock […]
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