Timeline: Fed’s response – pandemic downturn vs financial crisis
April 9, 2020Fed rolls out $2.3 trillion to backstop ‘Main Street,’ local governments
April 9, 2020Fed will continue to act ‘forcefully, proactively and aggressively,’ Powell says
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The Federal Reserve will continue to use all the tools at its disposal until the U.S. economy begins to fully rebound from the harm caused by the novel coronavirus outbreak, Fed Chair Jerome Powell said on Thursday, even as he acknowledged the limits of the central bank’s powers.
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