The Fed makes emergency rate cut to offset the coronavirus impact but will it work?
2 days ago by msn.com
WASHINGTON - The Federal Reserve, reacting swiftly to the coronavirus' damaging blows to the economy, announced a sizable interest rate cut Tuesday - the first such emergency rate action since the Great Recession more than a decade ago. The Fed's move - along with a coordinated global economic response reminiscent of the dark days of the 2007-08 financial crisis - gave an initial boost to ... read more...
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