sciencenewsnet.in

Economist Available to Discuss Stress on Financial Markets

Rutgers scholar and economist Bruce Mizrach is available to comment on stress in the financial markets during the COVID-19 pandemic.

Mizrach said: “The Federal Reserve has taken extraordinary action in response to the COVID-19 crisis, including plans for an unprecedented purchase of corporate bonds.  The Fed’s announcements on March 23 and April 9 of its of corporate debt facility, has temporarily stabilized the market, but it brings new risks. If the economy continues to suffer and corporate bonds deteriorate further, the Federal  Reserve cannot support the market indefinitely”

For interviews, contact: Megan Schumann, megan.schumann@rutgers.edu, 848-445-1907

###

Broadcast interviews: Rutgers University–New Brunswick has broadcast-quality TV and radio studios available for remote live or taped interviews with Rutgers experts. For more information, contact Neal Buccino neal.buccino@echo.rutgers.edu

ABOUT RUTGERS—NEW BRUNSWICK

Rutgers University–New Brunswick is where Rutgers, the State University of New Jersey, began more than 250 years ago. Ranked among the world’s top 60 universities, Rutgers’s flagship university is a leading public research institution and a member of the prestigious Association of American Universities. It is home to internationally acclaimed faculty and has 12 degree-granting schools and a Division I Athletics program. It is the Big Ten Conference’s most diverse university. Through its community of teachers, scholars, artists, scientists, and healers, Rutgers is equipped as never before to transform lives.

 

Original post https://alertarticles.info