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Risk

Fed’s open ended move not enough

The US Federal Reserve’s decision to make its treasury bond-buying program open-ended will not be enough to ease the  extreme liquidity crisis despite Wall Street rallying on the news, according to Campbell Harvey, finance professor at Duke University.
Credit

Coronavirus could trigger credit crisis

A former adviser to the US Federal Reserve, Danielle DiMartino Booth, said increased volatility in bonds and turmoil in the money markets from the outbreak of the coronavirus could signal a looming credit event despite the Fed’s latest bid to inject liquidity into the system.