Federal Reserve To Buy Everything (Starts 9th Emergency Lending Program)

The corporate facilities are among nine emergency lending programs announced by the Fed to help shelter the U.S. economy from the Great Depression 2.0 and keep credit flowing. The move was a dramatic escalation of the central bank’s intervention, stepping into the corporate debt markets for the first time since the 1950s and including some sub-investment grade debt in the ETF purchases.

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