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By Sonal Desai, Ph.D., Chief Investment Officer, Franklin Templeton Fixed Income
The US Federal Reserve continues to use whatever tools it can to help combat economic fallout from the coronavirus. Sonal Desai, Chief Investment Officer, Franklin Templeton Fixed Income, calls its latest response "a whole new level" of stimulus.
The Federal Reserve (Fed) today raised its response to the coronavirus crisis to a whole new level, announcing open-ended quantitative easing (QE) as well as purchases of short-dated investment-grade ((IG)) corporate debt and exchange-traded funds (ETFs), measures that had not been adopted even at the height