I don't really know what that is supposed to do right now. Other than refinancing current debt or getting a loan to pay salaries during the downturn, why would anyone borrow from the fed?
The lowered rates are more for the national debt, to keep our heads above water. It is a stimulus to business but investors need to see that things are getting back to normal first.
The market will recover as soon as it realizes this epidemic is waning. And that has likely already happened.
Whto the hell understands how any of this stuff works...I sure don’t.