Fed Makes Emergency Rate Cut to Shield US Economy From Coronavirus

fed reserve worthy us news

(Worthy News) – The Federal Reserve, in a rare emergency step, cut short-term rates by half a percentage point on March 3 to protect the U.S. economy from the growing fallout of the global coronavirus outbreak.

The Fed’s move marks the biggest one-time rate cut since the 2008 financial crisis.

The decision came two weeks before the Fed’s scheduled policy meeting. Fed Chairman Jerome Powell, during a news conference, said that the central bank has “come to the view now that this is time for us to act and support the economy.” [ Source: Epoch Times (Read More…) ]

We're being CENSORED ... HELP get the WORD OUT! SHARE!!!
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News