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The Federal Reserve just pledged asset purchases with no limit to support markets
CNBC ^
| March 23, 2020
| Jeff Cox
Posted on 03/23/2020 7:37:18 AM PDT by C19fan
The Federal Reserve said Monday it will launch a barrage of programs aimed at helping markets function more efficiently amid the coronavirus crisis. Among the initiatives is a commitment to continue its asset purchasing program in the amounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions and the economy.
That represents a potentially new chapter in the Feds money printing as it commits to keep expanding its balance sheet as necessary, rather than a commitment to a set amount.
(Excerpt) Read more at cnbc.com ...
TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: covid19stockmarket; fed; fedchinavirus; repo; virus
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Federal Reserve pushed the button.
1
posted on
03/23/2020 7:37:18 AM PDT
by
C19fan
To: C19fan
Helicopter money is on the way. Keep an eye on the windows.
2
posted on
03/23/2020 7:40:02 AM PDT
by
BipolarBob
(I survived Covid-19 pandemic scare and all I got was this lousy T-shirt and a depleted 401k account.)
To: BipolarBob
Been watching Apprentice re-runs.
Love that song by the O’Jays...
To: C19fan
Nan must be drooling from the mouth!
4
posted on
03/23/2020 7:41:44 AM PDT
by
SMARTY
("Nobility is defined by the demands it makes on us - by obligations, not by rights".)
To: C19fan
Yes, this is all going to end well. /s
5
posted on
03/23/2020 7:41:47 AM PDT
by
cranked
To: C19fan
Fire up the Printing Presses, Wall Street Bail Out coming fast, Bankers Relieved.
6
posted on
03/23/2020 7:42:33 AM PDT
by
eyeamok
To: C19fan
7
posted on
03/23/2020 7:42:35 AM PDT
by
pepsi_junkie
(Often wrong, but never in doubt!)
To: C19fan
Five, 5 trillion, in MBS-repo-cdo “insurance” a go go.
8
posted on
03/23/2020 7:44:19 AM PDT
by
Varsity Flight
(QE 2. All Quiet on the Western Front)
To: C19fan
Hopefully this back door communism would need Congressional approval.
9
posted on
03/23/2020 7:44:28 AM PDT
by
Crucial
To: C19fan
If this stupidity keeps up everything is going to cost a nickel and nobody is going to have a nickel.
10
posted on
03/23/2020 7:48:05 AM PDT
by
TalBlack
To: C19fan
Well - this is exactly what the stock market bubble was blown up with in the first place under Obama - and Trump - so why not save it now as well.
Conservatives used to have principles about deficit spending and presidents sending budgets to congress with $1 trillion dollar spending shortfalls.
Used to. Not any more. It's no longer politically expedient. Now people on this site don't complain - they offer excuses.
11
posted on
03/23/2020 7:51:13 AM PDT
by
NELSON111
(Congress: The Ralph Wolf and Sam Sheepdog s<how. Theater for sheep. My politics determines my "hero")
To: pepsi_junkie
Here comes inflation...
...
Real world data indicates that’s not the case.
12
posted on
03/23/2020 7:53:49 AM PDT
by
Moonman62
(http://www.freerepublic.com/~moonman62/)
To: Moonman62
“Real world data indicates thats not the case.”
Only because they held interest rates REAL low. That, of course, hurt other markets depending on those rates.
13
posted on
03/23/2020 8:05:44 AM PDT
by
CodeToad
(Arm Up! They Have!)
To: Varsity Flight
T A L F - 2020 5 trillion Bailout commences this morning
14
posted on
03/23/2020 8:11:04 AM PDT
by
Varsity Flight
(QE 2. All Quiet on the Western Front)
To: C19fan
They will “manufacture” as much money as they decide they need to.
15
posted on
03/23/2020 8:16:00 AM PDT
by
Wuli
To: C19fan
So how will this help with my planned re-fi on my house?
16
posted on
03/23/2020 8:18:38 AM PDT
by
MHGinTN
(A dispensation perspective is a powerful tool for discernment)
To: CodeToad
17
posted on
03/23/2020 8:25:02 AM PDT
by
Moonman62
(http://www.freerepublic.com/~moonman62/)
To: C19fan
18
posted on
03/23/2020 8:29:48 AM PDT
by
Red Badger
(If people were to God like dogs are to people, the world would be a really great place..............)
To: Moonman62
They were still real low.
19
posted on
03/23/2020 8:33:48 AM PDT
by
CodeToad
(Arm Up! They Have!)
To: Red Badger
What the government pretending to be leading is really doing! Great gif!
20
posted on
03/23/2020 9:43:51 AM PDT
by
MHGinTN
(A dispensation perspective is a powerful tool for discernment)
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