make speed limit 45
Mayor
Today april 9 the fed announced it will create an additional $2.3 Trillion out of thin air to bailout businesses.
Federal Reserve unveils details of $2.3 trillion in programs to help support the economy
The programs also direct expanded credit to small businesses, households and state and local governments.www.cnbc.com
april 9 2020 The Federal Reserve on Thursday announced a bevy of new moves aimed at getting another $2.3 trillion of financing into businesses and revenue-pinched governments.
Stock futures jumped after the announcement, which came moments after the government reported that 6.6 million new jobless claims were filed last week.
Among the Fed’s measures were details regarding its Main Street business lending program and several other initiatives it is undertaking to backstop the reeling U.S. economy. The central bank also provided more detail on its market interventions, including plans to buy corporate bonds both at an investment-grade level as well as high-yield, or junk, bonds.