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Federal Reserve

Federal Reserve Buys Corporate Debt, Faces Rebuke

Posted: August 12, 2020 at 2:20 pm   /   Article, U.S.

Over the past several months, the U.S. Federal Reserve has taken a historic step: purchasing corporate bonds. The move, announced in March to coincide with Congress’ passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, is meant to address the economic downturn brought on by COVID-19. The Federal Reserve’s action is unprecedented; it […]

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