Fed QE reaction: 'Panic will continue until fiscal package announced'
US central bank has gone 'nuclear'
The Fed's intervention was greater than during the Global Financial Crisis
Industry commentators have described the US Federal Reserve's decision to buy up boundless government bonds and mortgage-backed securities (MBS) as "unprecedented" and "encouraging", but doubts remain as to how effective the latest measures will be.
On Monday (23 March), the Fed announced it would purchase unlimited US Treasuries and mortgage-backed securities as well as buying corporate debt for the first time in a bid to support businesses and financial...
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