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In Echo of 2008, Fed Pledges $1.5 Trillion Injection to Aid Reeling Markets

The pumping of trillions of dollars of fresh liquidity into the financial system recalled the central bank’s unprecedented efforts during the last crisis.

By Bradley Keoun

Updated Sep 14, 2021, 8:18 a.m. Published Mar 12, 2020, 8:09 p.m.

The U.S. Federal Reserve is taking a more cautious approach towards CBDCs than in many other countries, including China.