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The Federal Reserve System, the central bank of the United States, cut the benchmark interest rate to 0% and zero overnight. After dropping 0.5 percentage points on the last 3 days, it was also lowered by 1 percentage point today.

Reporter Kim Kyung-hee.

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President Trump announced additional cuts in the US Federal Reserve system during a Corona 19 response briefing.

The base rate, which is currently 1 ~ 1.25%, is lowered to 0%.

The Fed cut its benchmark interest rate by 0.5 percentage points on the 3rd, and then lowered it by another 1 percentage point on the 16th.

[Trump / US President: The Fed has taken further action. I see this as a very welcome market, and I believe we will be the strongest country in finance.]

The Fed is also committed to a quantitative easing program worth US $ 700 billion and US $ 850 trillion.

This is based on the judgment that the wave of the corona19 spread is limiting and economic activity is limited.

President Trump has previously complained to the Fed several times that his response to Corona 19 was insufficient.

In particular, on the 14th, the Fed chairman said he had the right to dismiss, and he pressured the Fed to cut interest rates.

Vice President Fence says European nations are putting down business on shops and restaurants, but in the United States it is not yet time for US shops to open and operate.