Several US states and cities have announced widespread mandatory closures as part of attempts to curb the spread of the novel coronavirus.
announced it would cut its target interest rate to zero. Federal Reserve Chairman Jerome Powell said the measures were"essential to contain the outbreak," but will"take a toll on the economy in the near term."The US Centers for Disease Control and Prevention recommends canceling or postponing events involving more than 50 people for eight weeks as US cases rise past
3,400. Some 29 states have announced school closures and several states are ordering bars and restaurants to close.announced a two-week lockdown, closing its airport, borders and ports, and people there are obligated to stay in their homes.
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