New Atlanticist
Mar 24, 2020
The Fed ramps up its coronavirus response
By
Bart Oosterveld
On March 23, the Fed announced meaningful additional measures to support the US economy, following dire predictions from some senior policymakers over the weekend. In its statements, the Fed restated its commitment to deploy “its full range of tools to support the US economy,” and its next steps do not by any measure exhaust those tools. The Fed, in other words, has multiple “kitchen sinks” to throw at problems.