CLEAN : Trump congratulates Fed after drastic virus measures

The video discusses recent changes in the Federal Reserve's monetary policy, including a reduction in the Fed rate from 1-1.25% to 0.25%. It highlights the significance of this change and its potential impact on the economy. Additionally, the Federal Reserve's plan to purchase $500 billion in Treasurys and $200 billion in mortgage-backed securities is outlined, with the possibility of increasing these amounts.

What is the significance of the Federal Reserve's actions mentioned in the text?

How much does the Federal Reserve intend to purchase in mortgage-backed securities?