Marc Labonte: “The Federal Reserve’s Response to COVID-19: Policy Issues”

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Marc Labonte: “The Federal Reserve’s Response to COVID-19: Policy Issues”

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Abstract

The Coronavirus Disease 2019 (COVID-19) pandemic has caused widespread disruptions to the economy. The Federal Reserve (Fed) took multiple policy actions in response to the crisis, and Congress took the unprecedented step of providing up to $500 billion to the Treasury to support Fed programs through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act; PL 116–136).

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