The Federal Reserve said it could pump $2.3 trillion into the economy through new and expanded programs it announced on Thursday, ramping up its already extensive efforts to help companies and state and local governments suffering financially amid the coronavirus.
The central bank rolled out its relief package just as the government announced that 6.6 million more Americans were newly jobless, laying bare the severe damage to the economy from quarantines. About 16 million people have filed for unemployment in the past three weeks.
