Federal Reserve Expands Global Role

P.M. Edition for August 3. At the height of the pandemic, the Federal Reserve took unprecedented steps to support the US economy. But it was also quietly expanding its role to help shore up global markets: Our Economics Correspondent Nick Timiraos joins host Annmarie Fertoli to explain how the Fed became the world's back-up lender. Learn more about your ad choices. Visit megaphone.fm/adchoices