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Fed program could buy debt from huge companies, subsidiaries of foreign-based firms

Fed program could buy debt from huge companies, subsidiaries of foreign-based firms

June 30, 2020

The Federal Reserve's disclosure that it could purchase the debt of massive companies such as Apple and Microsoft, as well as U.S. subsidiaries of foreign firms, triggered a fresh debate about the central bank's norm-shattering response to the economic crisis and whether its efforts are going to the neediest slices of the economy.

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