Rutgers scholar and economist Bruce Mizrach is available to comment on stress in the financial markets during the COVID-19 pandemic.
Mizrach said: “The Federal Reserve has taken extraordinary action in response to the COVID-19 crisis, including plans for an unprecedented purchase of corporate bonds. The Fed’s announcements on March 23 and April 9 of its of corporate debt facility, has temporarily stabilized the market, but it brings new risks. If the economy continues to suffer and corporate bonds deteriorate further, the Federal Reserve cannot support the market indefinitely”
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