The U.S. Federal Reserve and global central banks moved aggressively on Sunday t...
WASHINGTON - The U.S. Federal Reserve and global central banks moved aggressively on Sunday to buttress a world economy unraveling rapidly amid the coronavirus pandemic, with the Fed slashing interest rates to near zero, pledging hundreds of billions of dollars in asset purchases and backstopping foreign authorities with the offer of cheap dollar financing.
FILE PHOTO: U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world's largest economy from the impact of the coronavirus, during a news conference in Washington, U.S., March 3, 2020. REUTERS/Kevin Lamarque/File PhotoON THE U.S. ECONOMIC OUTLOOK
“It’s very hard to say how big the effects will be or how long they will last. That’s going to depend of course on how widely the virus spreads, which is something that is highly uncertain and I would say, in fact, unknowable.”“We thought it was quite important for us to take strong measures to support proper market functioning in important markets.”“We do not see negative policy rates as likely to be an appropriate policy response here in the United States.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Raf Simons Joins Prada as Co-Creative DirectorHis new role was announced at a surprise press conference at Milan Fashion Week.
Leer más »
Federal Reserve statement - lowering federal funds rate to 0 to .25%The Federal Reserve issued coordinated actions to combat the economic impacts of...
Leer más »
Instant view: Fed cuts rates to buffer economy from coronavirusThe Federal Reserve cut interest rates for the second time in less than two week...
Leer más »
Fed slashes rates, central banks pull out stops to cushion coronavirus blowThe Federal Reserve cut interest rates to near zero in another emergency move to help shore up the U.S. economy amid the rapidly escalating global coronavirus pandemic
Leer más »
What do the Fed's latest moves mean for U.S. consumers?The U.S. Federal Reserve unleashed new emergency measures on Sunday night to lim...
Leer más »
Fed slashes rates, global central banks coordinate to cushion coronavirus blowThe Federal Reserve slashed rates to near zero as it joined with other central banks to ensure liquidity in dollar lending to help shore up a rapidly disintegrating global economy due to the coronavirus crisis
Leer más »