New York The Federal Reserve on Wednesday left interest rates unchanged near zero and said it would deploy its"full range of tools" to support the US economy as the coronavirus pandemic continues to wreak havoc on the US economy.
"The coronavirus outbreak is causing tremendous human and economic hardship across the United States and around the world," the committee said in a statement."The virus and the measures taken to protect public health are inducing sharp declines in economic activity and a surge in job losses."Policymakers agreed following their two-day meeting in Washington to maintain interest rates in the range of zero to 0.25%, as they continued to see signs of a badly damaged economy.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed seen making small changes to keep fed funds above zeroThe Federal Reserve is widely expected on Wednesday to lift the interest rates that influence its fed funds target, a technical move that could keep interbank lending running smoothly and help prevent financial market disruption should the benchmark rate fall below zero.
Source: Reuters - 🏆 2. / 97 Read more »
Mnuchin Says U.S. Not Aiming to Lose Money on Fed Lending FacilitiesTreasury Secretary Steven Mnuchin said he expects the government will recover much of the funds it has committed to backstop the Federal Reserve’s emergency lending programs, suggesting he doesn’t anticipate widespread losses on the loans. How about went I make bad trades government help me ? But if you do no accountability though Oh there will be lots of money made, I guarantee you that, but only for the wealthiest of Americans.
Source: WSJ - 🏆 98. / 63 Read more »