In another emergency meeting, the Federal Reserve Board today announced several measures to support the US economy and prevent a liquidity and credit crisis. To put it bluntly, after the announcements on Thursday to provide up to $5tn in short-term liquidity didn’t calm the market, the Fed is now throwing the kitchen sink.
Fed Quick Take: Throwing the kitchen sink
Fed Quick Take: Throwing the kitchen sink
Fed Quick Take: Throwing the kitchen sink
In another emergency meeting, the Federal Reserve Board today announced several measures to support the US economy and prevent a liquidity and credit crisis. To put it bluntly, after the announcements on Thursday to provide up to $5tn in short-term liquidity didn’t calm the market, the Fed is now throwing the kitchen sink.