Q&A: What did the Fed do Monday and who will it help?
WASHINGTON (AP) — The Federal Reserve took several aggressive steps Monday to support an economy ravaged by the effects of the coronavirus. The amount of money involved is huge and the Fed's ambitions are vast: It wants to make loans available to companies and governments so they can pay bills and potentially avoid layoffs. It also committed to buy as much government debt and mortgage-backed securities it deems necessary to ensure those markets will function.
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