LEDC Update
Wed, 05/13/2020 - 12:00am
Over the past couple of weeks, we’ve reviewed the actions taken by the Federal Reserve System (FED) in their efforts to mitigate the economic downturn that is sure to follow the COVID-19 pandemic. The two most significant of which that we’ve seen taken over the past couple of months were the reduction of the federal funds target rate to near zero and the re-implementation of a monetary policy known as quantitative easing—involving purchasing long-term debt from financial markets in order to inject more money into the economy.
