Source:
The Hill
| March 15, 2020 | Sylvan Lane
The Federal Reserve on Sunday slashed interest rates to zero percent and announced it would purchases $700 billion in bonds and securities to stabilize financial markets and support the economy.
The emergency rate cut and push to flood the Treasury bond market with liquidity comes as the coronavirus pandemic forces businesses across the U.S. and world to shutter, likely plunging the global economy into a recession.
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#BREAKING: Fed cuts interest rates to 0 percent, announces $700 billion in bond purchases https://t.co/lqHi95nlbX pic.twitter.com/QmUVy7uk95
— The Hill (@thehill) March 15, 2020
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