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IPFS News Link • Federal Reserve

Is The "Debt Chasm" Just Too Big For The Fed To Fill?

• https://www.zerohedge.com by Lance Roberts

March 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)

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.


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