Fed’s Kaplan Calls for More Govt Stimulus to Fight COVID-19

The Federal Reserve took its biggest shot at easing monetary conditions in mid-March by lowering the Fed funds rate to zero, but there are other programs it can and likely will do.

For example, the central bank recently eased rules concerning how banks account for their safest assets, which should increase the flow of credit to cash-strapped consumers and businesses during this coronavirus-induced slowdown. By excluding Treasury paper and deposits held at the central bank from the bank’s ...

The Federal Reserve took its biggest shot at easing monetary conditions in mid-March by lowering the Fed funds rate to zero, but there are other programs it can and likely will do.

For example, the central bank recently eased rules concerning how banks account for their safest assets, which should increase the flow of credit to cash-strapped consumers and businesses during this coronavirus-induced slowdown. By excluding Treasury paper and deposits held at the central bank from the bank’s ...
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