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March 15, 2020 22.31 The Federal Reserve has cut interest rates to 0-0.25%. "The effects of coronavirus - reads a statement - will weigh on economic activity in the short term and pose risks for the economic outlook. The Committee has decided to reduce the target range for the rate on federal funds from 0 to 0.25 % and plans to maintain this target range until they are sure that the economy has withstood recent events. " Trump commented: "We are very happy. A big step"Fed cuts rates at 0-0.25% .Trump: good
2020-03-15T21:46:44.258Z
22.31 The Federal reserve cut interest rates to 0-0.25%. "The effects of coronavirus - reads a statement - will weigh on economic activity in the short term and pose risks for the economic outlook. The Committee has decided to reduce the target range for the rate on federal funds from 0 to 0.25 % and plans to maintain this target range until they are sure that the economy has withstood recent events. " Trump commented: "We are very happy. A big step"
Source: rainews