China city Wuhan, China virus pneumonia outbreak China city Wuhan, China

Central banks deploy trillions to keep economy running

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It was less than 11 weeks ago that the first cases of pneumonia were detected in Wuhan, China. The speed at which what would soon be named COVID-19, the disease caused by the new coronavirus, knocked the global economy askew is unparalleled in our lifetimes.

Following are developments Thursday related to the outbreak, the efforts by governments to stabilize their economies, the companies that must navigate through an altered landscape, and the millions of people who have had their lives upended.

_______ CENTRAL BANKS AND GOVERNMENTS: The Federal Reserve created a program to exchange dollars for foreign currency with nine central banks to support dollar lending in global markets that are under pressure from the impact of the viral

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