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three-generation asian family at home

Impact on household numbers matches financial crisis

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Since the Fed's previous meeting in June, the pandemic's threat to the economy has appeared to worsen

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Groups like hospitals and educational institutions will be included

Federal Reserve building in Washington DC, US. Close up of a top part of the building with eagle statue.

The move comes as the central bank unveiled its latest stress tests

  • By: Ken Sweet
  • June 25, 2020 June 25, 2020
  • 17:06
Federal reserve building, Washington DC

The U.S. central bank says it will also keep buying bonds

Federal Reserve building in Washington DC, US. Close up of a top part of the building with eagle statue.

Chairman Jerome Powell isn't expected to announce major new initiatives Wednesday

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More than one in 10 workers have lost their jobs to the coronavirus outbreak

Federal Reserve building in Washington DC, US. Close up of a top part of the building with eagle statue.

The program will let central banks sell Treasurys to the Fed with an agreement to buy them back the next day

Federal reserve building, Washington DC

The central bank says it will establish three new lending facilities as well

Federal reserve building, Washington DC

Facility aims to ensure funds can meet increased redemption demands