IPFS News Link • Federal Reserve
Fed to pump in more than $1 trillion in dramatic ramping up of market intervention -
• https://www.cnbc.com by Jeff CoxThe Fed announced a bold new initiative in an effort to calm market tumult amid the coronavirus meltdown.
In all, the new moves pump in up to $1.5 trillion into the financial system in an effort to combat potential freezes brought on by the coronavirus.
This was the second day in a row and the third time this week the Fed has stepped in.
Stocks staged a sharp turnaround from earlier losses, though some of those gains were pared.