Virus spread prompts Fed to slash rates in surprise move
In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizeable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell said at a news conference that the virus “will surely weigh on economic activity both here and abroad for some […]
- March 3, 2020 December 13, 2020
- 11:40