World, As Seen from the most beautiful islands: Ireland and Cyprus

Fed launches investment fund support program


The US central bank is launching a support program for investment funds to counteract the damaging effects of the corona crisis on the financial markets. The so-called money markets mutual funds are under pressure because of the crisis because companies and households withdraw their money from those funds because of the corona crisis.

The Fed is now setting up a special emergency scheme to provide liquidity to those funds. Such a step was already taken during the financial crisis. The U.S. Treasury Department is also launching a $ 10 billion credit protection program for those funds.

“Mutual funds are common investment opportunities for families and businesses,” the Fed said. The emergency program will assist these funds when it comes to withdrawing money from households and other investors, states the umbrella of central banks in the United States.

The Fed has already taken several steps to address the crisis, including interest rate cuts and bond purchases to pump additional money into the financial system.

Written by: Patrick O'Brien

Patrick O'Brien is a student who is taking only the first steps in journalism. The main interest is events from the world of macroeconomics and finance.

Add comment

World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

Contact us

Feel free to give us a tip: [email protected]

Recent Posts