With latest moves, Fed becomes creditor in chief for U.S. business
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WASHINGTON (Reuters) - In undertaking what will undoubtedly be its largest rescue effort ever, the Federal Reserve on Monday announced programs that represent a never-before-seen intervention by the central bank into the heart of the "real" American economy. Chair Jerome Powell and his colleagues, in a desperate gambit to prevent outright economic calamity during the coronavirus pandemic, are on the cusp of redefining the long-established role of the U.S. central bank, extending its "lender of..