In its response to the economic turmoil caused by COVID-19, the US Federal Reserve has once again come to the rescue of financial markets. But this time, unlike in past crises, the Fed has added support for high-risk corporate debt. In this informative commentary written before the extension to year-end 2020 of the Fed’s program, financial journalist Larry Light surveys the Fed’s plan to buoy high-yield securities and its potential to aid market recovery. Investors and executives will appreciate his valuable insights in this astute report.
About the Author
Larry Light is a financial journalist at CIO Magazine.