Fed To Throw Its Pandemic Emergency Measures Into Reverse: Reuters

Reuters revisits March 15, 2020, when the U.S. Federal Reserve, in the words of its boss Jerome Powell, “crossed a lot of red lines that had not been crossed before.” Powell cut interest rates to zero, announced huge asset purchases to deflect bond market stress, and opened dollar supply lines for other central banks, fearing a pandemic that threatened recession on a scale not seen since the 1930s. Fed is expected to throw its pandemic emergency measures into reverse, as on Tuesday it starts a t

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