Anubhav Sahu Highlights - Fed maintains near zero interest rate and bond purchase programme - Preserving the flow of credit is essential to mitigate crises - Mix of monetary and fiscal steps provide satisfactory support - Money supply supportive for risky assets though fundamentals abysmal After extraordinary two months of pre-emptive market interventions, the Federal Reserve appeared to be on top of things as far as credit flow in the financial system is concerned, though the damage to real economy is glaring. In its April policy meet, the Fed...
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