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The Federal Reserve has done as it promised and opened the monetary spigots.
Since the end of the banking week, February 26, 2020, the Federal Reserve has been buying securities at a regular pace, has opened several different sources of funds for firms that operate in the US money markets, and has engaged in central bank liquidity swaps with central banks around the world.
As of April 1, 2020, the effective Federal Funds rate has dropped to 0.06 percent.
The value of the US dollar continues to rise in world markets. At the opening of