The Fed is putting out a coronavirus rescue package- but is it really going to help, or sink the economy?
The Federal Reserve, the massive, mysterious organization at the heart of the global financial system, has just issued a ton of new money and pumped it into the economy as a response to the Covid-19 crisis. The plan is to "unfreeze" the economy and prevent a lockdown which would devastate individuals and companies alike. But over the long-term, could this rescue package do more harm than good?