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U.S. Fed mounts aggressive new steps to combat coronavirus hit to 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 said it would begin backstopping an unprecedented range of credit for households, small businesses and major employers in an effort to offset the "severe disruptions" to the economy caused by the coronarvirus outbreak.The steps include establishment of new programs that will lend against student loans, credit card loans, and U.S. government..
Date Published: Mar 23, 2020
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