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BlackRock won’t charge the New York Fed fees on ETFs included in its bond-buying program

Earlier this week, the Fed engaged BlackRock to purchase tens of billions of bonds as part of its massive debt-buying program.
BlackRock CEO Larry Fink

The Fed reportedly asks BlackRock to buy billions in bonds as part of its coronavirus relief effort

The world's largest money manager worked with the Fed during the last financial crisis by overseeing assets previously held by Bear Stearns and AIG.
FILE PHOTO: European Central Bank President Lagarde testifies before the EU Parliament's Economic and Monetary Affairs Committee in Brussels

The European Central Bank has launched a ‘bazooka’ $820 billion pandemic fund to aid markets. ‘There are no limits.’

The so-called Pandemic Emergency Purchase Programme (PEPP) comes six days after it announced policies which did little to provide comfort to traders.
International Monetary Fund (IMF) Managing Director Christine Lagarde gestures as she arrives at a G-24 meeting during 2013 Spring Meeting of the International Monetary Fund and World Bank in Washington, April 18, 2013.

European Central Bank announces fresh stimulus in response to coronavirus outbreak

The ECB announced a temporary asset purchase of 120 billion euros until the end of this year to tackle "heightened uncertainty."

BANK OF AMERICA: These are the Fed’s 4 main tools for combating coronavirus’s economic fallout

The Fed will push its interest rate to zero and issue policy forecasts before considering Treasury "twists" and quantitative easing, the bank said.
Jason Furman, former chairman of the Council of Economic Advisors during the Obama administration.

Obama’s former top economist says Congress should immediately send $1,000 to every American adult to stimulate coronavirus-stricken economy

"We've reached a point where a stimulus package has very little downside and has potential upside," Jason Furman told Business Insider.
Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, U.S., November 28, 2017.

These 4 policy tools have been used by central banks and organizations to fight the economic fallout from coronavirus

The Federal Reserve was among the first authorities to boost stimulus amid the escalating virus by cutting its benchmark interest rate Tuesday.

‘One of those once in 100 years catastrophic events’: Billionaire Ray Dalio says coronavirus will ‘annihilate’ select parts of...

Rate cuts prop up demand and asset prices, but coordinated monetary and fiscal policy would more efficiently contain economic fallout, Dalio wrote.

‘Whatever it takes’: Here’s what 4 experts are saying about the Fed’s surprise rate cut

"Rate cuts will not help re-stock emptying grocery shelves. Monetary policy is hopeless when supply simply cannot feed demand."

Fed leaves interest rates unchanged, signals it will pause through 2020

The central bank signaled it saw little need for further rate cuts, even against a backdrop of cooling global growth and ongoing trade disputes.