Federal Reserve trying to prevent full-blown financial crisis

National News

(WSYR-TV) — The Federal Reserve is going all out to try and prevent a full-blown financial crisis.

The Federal Reserve announced unlimited bond-buying, three new credit facilities and an upcoming Main Street Lending program.

Officials said the new programs will provide up to $300 billion in new financing.

Recession fears and a liquidity crunch has crashed the stock market over the past month, also causing the Bond Market to malfunction.


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