That added boost of liquidity comes just less than a week since the policy makers executed an emergency interest-rate cut amid plunging stocks.
The coronavirus crisis in China has hammered many markets this month: none may have felt a bigger impact than freight.
By granting a grace period for everyday items like phones and toys, the U.S. concession appears designed to avoid any disruption or price increases.
All that cheap money has been helping the economy along. On the other side of the ledger, bank depositors are getting paid only a fraction of 1%.
The Federal Reserve’s brief respite from criticism by President Donald Trump ended abruptly Monday with two tweets that called Jay Powell a child.