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The Federal Reserve will flood the financial system with cash to ensure that markets remain operational and that banks are able to keep credit flowing to businesses and consumers as they grow, reminiscent of the special measures taken by the central bank in the 2007-09 financial crisis. Number of times the burst prompt was turned off.
US consumer spending drives the world's largest economy, accounting for about 70% of GDP. Although the Fed's actions have the most direct impact on banks and commercial borrowers, they are also aimed at making American consumers solvent and spend money, albeit indirectly.
On Sunday, Federal Reserve Chairman Jerome Powell acknowledged that there are limits to what the Fed can do directly for consumers.
The Fed's move could make it easier for some companies to stay in business and pay workers by expanding access to credit.
But because typical economic activity has stalled, people have been laid off or reduced their working hours in the past two weeks. As Powell points out, this is beyond the Fed's ability and they will need to rely on the help of other parts of the government.
2. The mortgage is cheap, maybe for a long time.

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