where there was one phrase that was quite telling from the fed chairman jerome paul he said lending is not spending so the federal reserve is trying to do whatever is possible but at the end it's the treasury department it's congress that really have to give out more money to companies and to the u.s. population the federal reserve can lend money but they will need to get the money back at a later point but this lending is very crucial because what the federal reserve tries to do is to prevent at least the financial crisis even if it can not do that much to prevent the healths crisis and also the economic crisis so but the federal reserve also said they are going to do everything possible in their power to soften the impact of the coronavirus and also off the economic down of the markets overall by the way they reacted positively the dow jones industrial average was up by more than 500 points so that was another gain of more than 2. percept. thanks yemen's quarter our correspondents in new york and sticking with wall street have something of a flurry of results coming injuring wednesda