U.S. Fed amounts aggressive new steps to combat coronavirus hit to economy
- Country:
- United States
The U.S. Federal Reserve, citing "tremendous hardship" caused by the coronavirus pandemic, on Monday said it would begin backstopping an unprecedented range of credit for households, small businesses and major employers.
The Fed said in a statement the effort was taken because "it has become clear that our economy will face severe disruptions."
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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