Fed Cuts Rates, Restarts QE
The Federal Reserve cut interest rates to near zero and announced measures to combat the economic impacts of the COVID-19 outbreak.
1st Fed Emergency Cut Since Financial Crisis
The Federal Reserve is reacting to Coronavirus concerns and cutting rates by half a percentage point. Coming off of the heels of the worst week for stocks since the financial crisis, this move also marks the first emergency rate cut since the financial crisis. We bring you all the details from the impromptu press conference with Fed Chair Jay Powell.
Fed's Final Rate Decision of 2019
All eyes are on the Federal Reserve once again. The central bank is wrapping up its final meeting of 2019 by leaving rates unchanged, which is what markets had been largely expecting. It's also what the Fed suggested it was going to do at its prior meeting back in October when it signaled a pause.
Fed Votes on Second Rate Cut
In the most divided vote since 2014, the Fed voted 7-3 to lower interest rates by 25 basis points to 1.75-2%. Fed Chair Jay Powell said he sees a benefit in having diverse perspectives. He added that sometimes the path is very clear but that’s not the case right now given weakening global growth and trade developments that the Fed is monitoring.
Powell Comments on Fed's First Post-Crisis Rate Cut
The Federal Reserve cut interest rates for the first time since 2008 and Chair Jay Powell says the Fed has no plans for a long cycle of cutting.