"The pace of the recovery in economic activity and employment has moderated in recent months, with weakness concentrated in the sectors most adversely affected by the pandemic," the FOMC said.

Initial targets for direct buying include AT&T, UnitedHealth, and Walmart.

As U.S. braces for virus fallout to get worse, the Commercial Paper Funding Facility and Primary Dealer Credit Facility are designed to support corporate liquidity.

Federal Reserve Chairman Jerome Powell signaled that the central bank would pull out the stops to combat a global disinflationary downdraft, foreshadowing…

Fed expects to stay on the sidelines throughout 2020 presidential election.

Look for altered language on business investment in FOMC statement.

Look for altered language on business investment in FOMC statement.

FOMC minutes indicate the group is not concerned about inflation right now, but is still ambivalent on when to next raise interest rates.