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U.S. Fed aims 'bazooka' at coronavirus to backstop economy

FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington
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(Reuters) - The U.S. Federal Reserve on Monday mounted an extraordinary new array of programs to offset the "severe disruptions" to the economy caused by the coronarvirus outbreak, backstopping an unprecedented range of credit for households, small businesses and major employers.The new programs mean the Fed will lend against student loans, credit card loans, and U.S. government backed-loans to..
Date Published: Mar 23, 2020
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