Type of Intervention: Financial markets and monetary policy
Level of Jurisdiction: Federal
Overview: The Federal Reserve began a large scale asset purchase program, commonly known as quantitative easing.
The Federal Reserve will purchase up to $1 trillion worth of Treasury securities and $400 billion of mortgage-backed securities. The measure is intended to foster maximum employment and price stability.
The first tranche of $500 billion of Treasury securities and $200 million of mortgage-backed securities was announced on 15 March 2020. A second tranche of $500 billion of Treasury securities and $200 million was announced on 23 March 2020.
Full details here: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200315a.htm