18 Mar 2020

Covid-19: Governments pump money into economies

From Morning Report, 7:10 am on 18 March 2020

Governments worldwide are making cash injections to stave off the worst effects of the economic hit from attempts to contain Covid-19.

President Donald Trump wants to pump US$850 dollars into the US economy.

Treasury Secretary Steven Mnuchin said Tuesday that the Trump administration wants to get emergency funds in Americans' pockets "immediately" amid the coronavirus crisis.

The Federal Reserve is launching a special fund to keep credit flowing in the US economy, as part of emergency measure as the world spirals toward a recession.