The Federal Reserve slashed its main interest rates to near zero in an emergency move. It's part of a broader government effort to ease the economic effects of the coronavirus pandemic.
The central bank also said it will increase its bond holdings by $700 billion. The emergency moves are part of a broader government effort to ease the economic effects of the coronavirus pandemic.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
In their last breaths. They slash interest rates to try and save themselves.
No worries it’s riseofchina
BlackMonday_2
This is getting crazy! Interested in how this all plays out!