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Fed Liquidity Actions Could Be Strengthened, Broaddus Says

Mar.16 — Former Richmond Federal Reserve President Alfred Broaddus discusses how the coronavirus outbreak is affecting the U.S. economy, monetary and fiscal policies. The Fed swept into action in a new bid to save the economy, cutting its benchmark interest rate by a full percentage point to near zero and pledging to boost its bond holdings by at least $700 billion. Broaddus speaks with Shery Ahn and Haidi Stroud-Watts on “Bloomberg Daybreak: Australia.”


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