Скачать или смотреть WATCH: Federal Reserve holds press conference to regarding emergency rate cut

The Federal Reserve unexpectedly delivered an emergency rate cut Tuesday morning, bringing the target band for benchmark interest rates down to between 1.00% and 1.25%, from the band of 1.50-1.75% previously.

The move was an apparent response to the mounting coronavirus outbreak. In a statement, the Fed said, “The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity.”

The vote for the rate cut was unanimous, the Fed said.
#Emergency Rate Cut #FederalReserveEmergencyRateCut #Coronavirus
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