Fed slashes interest rates to zero, boosts assets by $700B to fight coronavirus pandemic

FAN Editor 5 years ago

FOX Business’ Charlie Gasparino discusses the actions being taken by the Federal Reserve in response to coronavirus.

The Federal Reserve on Sunday slashed interest rates by a full percentage point to near zero and said it would buy $700 billion in Treasury securities, an aggressive step to insulate the U.S. economy from the coronavirus pandemic.

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Fed cuts interest rates to near zero, coordinates with other central banks to combat coronavirus

Sun Mar 15 , 2020
FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo March 15, 2020 WASHINGTON (Reuters) – The U.S. Federal Reserve cut interest rates for the second time in less than two weeks on Sunday in another emergency move to help shore up […]

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