Fed expands bond purchases to unlimited amount amid coronavirus shock

The U.S. Federal Reserve on Monday expanded its purchases of government bonds to an unlimited amount and created programs to buy corporate debt as part of its all-out effort to support the world's largest economy hit by the coronavirus pandemic."While great uncertainty remains, it has become clear that our economy will face severe disruptions. Aggressive efforts must be taken across the public and private sectors to limit the losses to jobs and incomes and to promote a swift recovery once the disruptions abate," the Fed said in a statement.The U.S. central bank said it will buy Treasuries a…READ FULL ARTICLE