[CNBC Television] Jim Cramer praises Fed’s $2.3 trillion in programs to support economy
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CNBC’s Jim Cramer on Thursday praised the Federal Reserve’s latest moves to help keep afloat a U.S. economy that has been battered by the coronavirus pandemic.
The Federal Reserve on Thursday announced a bevy of new moves aimed at getting another $2.3 trillion of financing into businesses and revenue-pinched governments.
Stock futures jumped after the announcement, which came moments after the government reported that 6.6 million new jobless claims were filed last week.
Among the Fed’s measures were details regarding its Main Street business lending program and several other initiatives it is undertaking to backstop the reeling U.S. economy. The central bank also provided more detail on its market interventions, including plans to buy corporate bonds both at an investment-grade level as well as high-yield, or junk, bonds.
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