Question

What actions has the Fed taken in the past weeks in connection with the spread of...

What actions has the Fed taken in the past weeks in connection with the spread of COVID-19 and its impact on the economy?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

The actions taken by the Fed in connection with the spread of COVID-19 and its impact on the economy are :

  • The reserve requirements have been cut to zero
  • The Fed launched a new phase of quantitative easing by announcing that it will buy upto $500 billion of Treasury securities and upto $200 billion of mortgage backed securities
  • Lowering of the benchmark interest rate by 1% to nearly zero
  • Letting banks borrow from the discount window for 90 days
  • Entering into agreements with other central banks to to provide swap and ensuring that dollars are available where required
Add a comment
Know the answer?
Add Answer to:
What actions has the Fed taken in the past weeks in connection with the spread of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT