US Federal Reserve cuts interest rate by 1% to push $ 700 billion quantitative easing plan

world economy

Written by: Li Fuyuan

2020-03-16 05:30

Affected by the new coronavirus epidemic, the United States urgently cut interest rates again in less than two weeks, by 1%; the Federal Reserve Board suddenly reduced the federal funds target rate to 0 to 0.25% on Sunday (15th), and launched a total Large-scale quantitative easing program worth US $ 700 billion (approximately HK $ 5.46 trillion).

[New Crown Pneumonia] Expert analysis: Fed may adopt "zero interest rate" to rescue the market

Reuters, Fed discuss with banks to ease liquidity coverage

[U.S. Stock Trends] The Fed's big rescue may make it difficult for the United States to sink the economic depression

U.S. Federal Reserve