White House coronavirus task force holds news conference

Published March 15, 2020 1,053 Views

Rumble A day before the Wall Street markets open up, the Federal Reserve reduced the interest rate to zero in an attempt to protect the American economy.

The fed also announced it would purchase more Treasury securities to encourage lending by banks in an attempt to offset the coronavirus outbreak impact.

The central bank said it would be monitoring the outbreak effects and would make other decisions on the economy in needed cases.