The programs aim to help businesses, households and state and local governments facing a cash crunch as large parts of the economy have been shut down.
"The Fed''s role is to provide as much relief and stability as we can during this period of constrained economic activity, and our actions today will help ensure that the eventual recovery is as vigorous as possible," Federal Reserve Chair Jerome Powell said in a statement. (AFP) NSA
Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI