30 Mar COTW: The Fed’s Response to the Covid-19 Crisis
- In response to the COVID 19 crisis, the U.S. Federal Reserve has restarted several emergency programs first implemented during the Global Financial Crisis.
- In an attempt to support markets during the GFC, the initial quantitative easing program saw the Fed purchase $60 –$80 billion in Treasuries and Mortgage-Backed Securities each month. In contrast, on March 23rd of this year, the Fed announced they would buy $150 billion of these securities each day.
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