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Fed Could Bolster Groups of Businesses and Localities With Funds in G.O.P. Bill

Senate Republicans have proposed giving the Federal Reserve access to $425 billion in funding that it could use to extend emergency support to flailing businesses or struggling localities — an approach that would keep central bankers at the center of the coronavirus economic response in ways that could prove politically fraught.Republican …

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How Trump’s Attacks on the Fed Have Made Its Job Harder

WASHINGTON — President Trump has spent two years publicly attacking the Federal Reserve and undercutting its chair, Jerome H. Powell. That animosity is making it difficult for Washington to project a united front as it stares down the most significant economic threat since the Great Recession.The Fed has moved at …

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Fed Aims to Keep Dollars Flowing Globally in Nine New Agreements

WASHINGTON — The Federal Reserve said it would extend currency swap lines to nine additional countries, an attempt to keep dollars flowing to banks around the world as the coronavirus disrupts every aspect of business, creating a cash crunch in many nations.The Fed opened currency swap lines with central banks …

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Trump and Coronavirus: President Seeks $500 Billion in Payments for Americans

WASHINGTON — The Trump administration on Wednesday asked Congress for $500 billion to cover two separate waves of direct payments to American taxpayers in the next several weeks and another $300 billion to help small businesses meet payroll, outlining a sweeping $1 trillion economic stabilization package to respond to the coronavirus pandemic.The package, …

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