IPFS News Link • Federal Reserve
Is The "Debt Chasm" Just Too Big For The Fed To Fill?
• https://www.zerohedge.com by Lance RobertsMarch 6th – $8.3 billion "emergency spending" package.
March 12th – Federal Reserve supplies $1.5 trillion in liquidity.
March 13th – President Trump pledges to reprieve student loan interest payments
March 13th – President Trump declares a "National Emergency" freeing up $50 billion in funds.
March 15th – Federal Reserve cuts rates to zero and launches $700 billion in "Q.E."
March 17th – Fed launches the Primary Dealer Credit Facility to buy corporate bonds.
March 18th – Fed creates the Money Market Mutual Fund Liquidity Facility
March 18th – President Trump signs "coronavirus" relief plan to expand paid leave ($100 billion)
March 20th – President Trump invokes the Defense Production Act.
March 23rd – Fed pledges "Unlimited QE" of Treasury, Mortgage, and Corporate Bonds.
March 23rd – Fed launches two Corporate Credit Facilities:
A Primary Market Facility (Issuance of new 4-year bonds for businesses.)
A Secondary Market Facility (Purchase of corporate bonds and corporate bond ETF's)
March 23rd – Fed launches the Term Asset-Backed Security Loan Facility (Small Business Loans)
April 9th – Fed launches several new programs:
The Paycheck Protection Program Loan Facility (Purchase of $350 billion in SBA Loans)
A Main Street Business Lending Program ($600 billion in additional Small Business Loans)
The Municipal Liquidity Facility (Purchase of $500 billion in Municipal Bonds.)
Expands funding for PMCCF, SMCCF and TALF up to $850 billion.