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The Chair of the U.S. Federal Reserve took to the podium on Thursday and ‘got to work’ with his balance sheet. In the midst of the U.S. stock market tumbling amid justified fear and uncertainty around the ongoing escalation of the COVID-19 situation, Jay Powell announced a monetary policy response of epic proportions. This is clearly a Fed that is set on trying to save U.S. capital markets at all costs. Will they succeed this time around in the face of an epic challenge?