Federal Reserve of US is ‘Printing’ Dollars to Save the Fallen Economy

With the frenzied scenario going on the federal reserve of the US has stepped forward to protect it.

Well, now it has come up with the plan to print dollars and inserting into the commercial banking something like an e-deposit.

As per sources, the Fed is said to have got $3.5 trillion from the government securities with the newly made cash and one of them of the many techniques is trying to help the falling economy due to the coronavirus crisis.

Further, Pavlina Tcherneva economist from Bard College in New York stated that: “The way you and I have checking accounts in our banks, that’s how all these other banks have accounts at the Fed.” “All the Fed does is literally credit them. They just type it in.”

The fed’s aim is to make the markets operated post they have detained in fear. The policies of fed have made it easier as far as credit as they have come in rescue to provide a larger sum of money with fewer interest rates.

It would have been a major fall if the Fed and other emergency procedures have not been implemented. Further, Jerome Powell the Fed chairman stated that this buying will help the market to improve gradually “substantially” in the coming weeks.