the Fed announced that it was expanding its QE purchases of Agency MBS by $750 billion and agency debt by $100 billion, and that it would expand its purchases to US government bonds, making up to $300 billion in purchases over the next six months. In addition to increased QE, the Fed expanded the collateral that was eligible for TALF to a wider set of financial assets and stated its continuing expectations of “keeping rates exceptionally low for an extended period.”
