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Brian Chappatta: Fed’s ‘Infinite Cash’ Put to the Test in a World of Leverage
Some companies’ debt burdens are too heavy to withstand the economic shock from the coronavirus outbreak. Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said Sunday night on CBS’s “60 Minutes” that “there is an infinite amount of cash in the Federal Reserve. We will do whatever we need to do to make sure there’s enough
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Posted: March 23, 2020 Monday 11:17 AM