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Why the Fed changed course on Monday?


tacobell fan

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"The Fed had originally planned to purchase at least $500bn in US Treasuries and at least $200bn in agency mortgage-backed securities. In recent days it has sped up the pace of these purchases, after earlier interventions failed to address strains that had emerged in both debt markets." – The Financial Times

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19 minutes ago, tacobell fan said:

"The Fed had originally planned to purchase at least $500bn in US Treasuries and at least $200bn in agency mortgage-backed securities. In recent days it has sped up the pace of these purchases, after earlier interventions failed to address strains that had emerged in both debt markets." – The Financial Times

They are still going to do this. What did they change today?

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