The world's major central banks bought $1.4 trillion of assets in March — 5 times the last record set after the financial crisis
The US authority's streak hasn't slowed in the weeks since. The Fed bought up $41 billion in assets every day in the week ended April 15, according to Bloomberg.
What began as typical Fed intervention has since ballooned to the bank's first foray into buying corporate debt across a spectrum of ratings. The central bank first announced a funding pool for investment-grade debt to help keep companies afloat amid the virus shutdown.
"This is a hugely and negatively impactful shock, and we have to do all we can to make sure we're not doing permanent damage to the underlying fundamentals of the economy," she said.
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