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Federal Reserve announces new measure to combat economic losses

The Federal Reserve announced on Monday it is taking several steps to enhance access to credit and liquidity for consumers, municipalities, and small and large businesses.

In its statement, the Federal Reserve said, “While great uncertainty remains, it has become clear that our economy will face severe disruptions. Aggressive measures must be taken across the public and private sectors to limit the losses to jobs and incomes and to promote a swift recovery one the disruptions abate.”

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