The U.S. Federal Reserve on Monday unveiled a set of aggressive measures to cushion the economic impact of the global coronavirus pandemic, indicating new quantitative easing measures.

The Fed announced it would purchase required amounts of Treasury and agency mortgage-backed securities to support smooth market functioning and monetary policy.

“While great uncertainty remains, it has become clear that our economy will face severe disruptions,” it underlined in a statement.

The move, along with previous measures, is expected to provide support to a wide range of markets and institutions, thereby supporting the flow of credit in the economy.

The Fed

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