Fed may take boldest steps in a decade to ease virus impact

Fed may take boldest steps in a decade to ease virus impactThe Federal Reserve is all but sure to take its most drastic steps Wednesday since the depths of the 2008 financial crisis to try to counter the coronavirus' growing damage to the U.S. economy and the financial markets. With the virus' spread causing a broad shutdown of economic activity in the United States, the Fed faces a daunting task. Some economists say the policymakers, led by Chair Jerome Powell, could cut their already low benchmark interest rate by up to a full percentage point.




from Yahoo News - Latest News & Headlines https://ift.tt/2w0kXFj
via Latest News

Comments

Popular posts from this blog

Facebook's latest bug exposed the private photos of 6.8 million users - The INQUIRER

Overwatch 2 Anime Charm Is Cheaper In Real Life Than In The Game - Kotaku