Extraordinary Actions – The Fed, Treasury and Congress vs. COVID-19

The Federal Reserve, the Department of the Treasury and Congress have undertaken unprecedented actions to buy financial assets, unclog the pipes of the financial system and increase its capacity. Congress has also taken swift action, passing three phases of stimulus packages as of the time of this discussion. In the third and final segment of our series on how COVID-19 is impacting the financial markets, Ken Bentsen, SIFMA President and CEO sits down with Rob Toomey, head of SIFMA’s capital markets practice, and Coryann Stefansson, head of prudential capital and liquidity policy for an overview of the Fed and Treasury’s actions so far, as well as those of the Congress, the market’s response, and what might be ahead.SIFMA’s team continues to closely monitor the novel coronavirus (COVID-19) and its impact on our industry and the markets; guidance and resources for the industry are available at www.sifma.org/bcp.Transcript and more:https://www.sifma.org/resources/news/podcast-extraordinary-actions-the-fed-treasury-congress-versus-covid19/