Fed announces unlimited debt purchases in latest actions

Mar 24, 2020

The Federal Reserve launched several new actions to promote financial stability and liquidity in financial markets, including unlimited purchases of Treasury and mortgage-backed securities.

Other facilities will bolster markets for corporate bonds as well as securities backed by student, auto, credit and SBA loans. The Fed also said it will soon announce a Main Street Business Lending Program to support lending to eligible small and medium-sized businesses, complementing efforts by the SBA.