BREAKING: The Federal Reserve announced that it's slashing interest rates again to help buoy the economy during the coronavirus outbreak.
"The effects of the coronavirus will weigh on economic activity in the near term and pose risks to the economic outlook," the committee said in a statement."In light of these developments, the Committee decided to lower the target range for the federal funds rate to 0 to 1/4 percent."
Federal reserve Chairman Jerome Powell gives a press briefing after the surprise announcement the FED will cut interest rates in Washington, March 03, 2020. Federal reserve Chairman Jerome Powell gives a press briefing after the surprise announcement the FED will cut interest rates in Washington, March 03, 2020.President Donald Trump praised the decision during a press conference from the White House Sunday afternoon.
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