Taking Shape: The Fed’s Plan to Stabilize the Economy
Summary: The Federal Reserve dusted off its Great Recession playbook on Sunday to find ways to boost the US economy. It cut interest rates to close to zero percent and will buy up $700 billion in financial assets to help get the economy through the COVID-19 pandemic. We’ll break down what these new steps could mean for you and how markets reacted. Meanwhile, social distancing is the new going out. We’ll explain why you should get on board. Also on today’s show: a big commitment at last night’s CNN debate, and a forgery of biblical proportions. We’d love to hear your tips for helping your community during the COVID-19 outbreak. Call and leave us a voicemail at: 646-461-6370.