Fed Slashes Rates to Near Zero to Fight Coronavirus Slowdown
Sunday, March 15, 2020
According to the Wall Street Journal, the Fed will buy $700 billion in Treasury and mortgage-backed securities in an aggressive bid to prevent market disruptions from aggravating what is likely to be a severe slowdown from the coronavirus pandemic.
“The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” the Fed’s rate-setting committee said in a statement Sunday. “The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses.”
Related Articles
- One New England College’s Rome Campus Continues to Operate During the Italian Coronavirus Crisis
- NEW: Worcester’s Assumption College Temporarily Suspends Rome Campus Due to Coronavirus
- NEW: 3rd Case of Coronavirus Identified in MA
- CDC Confirms 15th Case of Coronavirus in U.S.
- UPDATED: 5 Disturbing Coronavirus Trends Driving Greater Concerns
- CDC Confirms Spread of Coronavirus in U.S.
- World Health Organization Declares Coronavirus a Global Health Emergency
- BREAKING: Massachusetts Reports Its First Confirmed Case of Coronavirus
- BREAKING: 5 New Cases of Coronavirus in MA, Total Jumps from 1 to 8 in a Week
- MA Coronavirus Cases Jump to 13 — Five New Cases Identified
- NCAA Tournament Canceled Due to Coronavirus
- NEW: President Trump to Declare National Emergency to Fight Coronavirus
- Moore Files Bill to Financially Protect 1st Responders During Coronavirus Pandemic
- NHL Suspends Season Due to Coronavirus
- BREAKING: Governor Baker Declares State of Emergency in MA Due to Coronavirus
- Coronavirus Cases More than Double in MA in 24 Hours — 28 Cases
- Horowitz: Trump’s Major Credibility Problem on Coronavirus
- MA Delegation Urges Trump to Halt SNAP Eligibility Changes Due to Coronavirus
Follow us on Pinterest Google + Facebook Twitter See It Read It