Fed takes emergency actions as coronavirus pushes U.S. economy toward recession
The Fed, in a series of statements, said it would cut the federal-funds rate to a range between 0% and 0.25%, down 1 percentage point, and would buy $700 billion in Treasury and mortgage-backed securities, among other actions.
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Fed takes emergency steps to slash rates and ease bank rulesThe Fed’s surprise move to cut interest rates a full percentage point and buy $700 billion in Treasury and mortgage bonds signals that it will do all it can to counter the risk of the coronavirus outbreak causing a recession.
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Fed takes emergency steps to slash rates and ease bank rulesThe Federal Reserve took emergency action Sunday to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds. The Fed’s surprise announcement signaled its concern that the viral outbreak will depress
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Fed brings out big guns, investors fear the worstA massive rollout of easing measures by the Federal Reserve served to deepen som...
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Fed cuts rate to zero, launches more bond purchases in historic moves to fight coronavirusThe Fed cut short-term rates to zero, renewed bond purchases to lower long-term rates and encouraged bank loans to combat the coronavirus's impact.
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