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Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets.  Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.

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CNBC: “The Federal Reserve Has Pledged To Support Markets...”

Anna-Louise Jackson | March 24 , 2020

As the stock market has tumbled lower in recent weeks, the Federal Reserve has stepped up in various ways to help stabilize markets and the U.S. economy.

The details of all “the inner workings” of the various tools at the Fed’s disposal “shouldn’t be on the mind of everyday investors,” says Tom Stringfellow, the president and chief investment officer of Frost Investment Advisors. What’s important is to understand that the Fed is trying to boost the broader economy.

The Fed’s actions help to ensure that banks don’t fail and that you have easy, continuous access to your money, he says: “They’re trying to make sure we don’t have a circa-1929 run on the banks.”

“The Fed is trying to stabilize what was becoming a very frantic marketplace,” Stringfellow says.

Excerpted from CNBC on March 24, 2020. To view full article, click here.

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