In a bold emergency measure to support the economy during the coronavirus pandemic, the Federal Reserve announced Sunday that it will reduce its target interest rate to zero. The last time the Federal Reserve cut rates to zero was during the global financial crisis, just over a decade ago. President Trump said he was happy about reducing rates to zero
Trump: I am happy to cut rates to zero
2020-03-15T22:55:39.881Z
In a bold emergency measure to support the economy during the coronavirus pandemic, the Federal Reserve announced Sunday that it will reduce its target interest rate to zero. The last time wh ...