UniCredit Group − All in. The Fed and the US Treasury are now throwing everything into the battle to eliminate dislocations in the financial system, avert a deflationary spiral, and generate growth again over the medium term. Their reasoning is that the US remains mired in a deep recession.Initiatives. This week, the US Treasury fleshed out its Financial Stability Plan. The core of the scheme is a Public−Private Partnership Investment Program, now also providing funds and guarantees for "legacy loans". And the Fed had already announced last week that it would step up its purchases of long−dated securities including Treasuries.
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