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Fed Hires BlackRock to Help Calm Markets. Its ETF Business Wins Big. – The Wall Street Journal


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Fed Hires BlackRock to Help Calm Markets. Its ETF Business Wins Big. – The Wall Street Journal

The Federal Reserve’s March commitment to deploy billions of dollars to prop up the economy was a boon for the company the Fed hired to help execute its plan: BlackRock Inc., the world’s largest asset manager. In response to the pandemic-induced market collapse, the Fed promised to buy corporate bonds and exchange-traded funds that invest…

The Federal Reserve’s March commitment to deploy billions of dollars to prop up the economy was a boon for the company the Fed hired to help execute its plan: BlackRock Inc., the world’s largest asset manager.

In response to the pandemic-induced market collapse, the Fed promised to buy corporate bonds and exchange-traded funds that invest in collections of corporate debt.

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