Faced with the coronavirus crisis, the Fed unveils an unprecedented plan

Correspondent in Washington

All of the 2008-2009 records are largely broken. The Federal Reserve has never gone so far. The American Central Bank announced Monday, before the opening of Wall Street, unlimited redemptions of all kinds of public debts and is also preparing to buy back debts from American states, local authorities and private companies. And even individuals! " It is clear that our economy will face severe disruption, " said the Fed in its release.

Read also: Europe promises a "limitless" and "united" response

This did not prevent the markets from resuming their decline ( see opposite ), because at the same time in Congress, Republicans and Democrats were struggling to agree on the terms of a massive plan to help individuals and companies worth more than $ 2,000 billion. The Secretary of the Treasury, Steven Mnuchin, who acts as an intermediary between the leaders of the two parties, tried to reassure by declaring that an " agreement is near " and that it was necessary

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