Express

Federal Reserve Cuts Rates To Zero And Launches $700 Billion Quantitative Easing Program

Ramsey Baker

Summary: In an emergency move on March 15, the Federal Reserve announced that it had cut interest rates to zero and launched a $700 billion quantitative easing program to protect the economy from the effects of the coronavirus. According to a report from CNBC, the quantitative easing will take the form of $500 billion of Treasurys ...

In an emergency move on March 15, the Federal Reserve announced that it had cut interest rates to zero and launched a $700 billion quantitative easing program to protect the economy from the effects of the coronavirus.

According to a report from CNBC, the quantitative easing will take the form of $500 billion of Treasurys and $200 billion of agency-backed mortgage securities. The Fed stated that purchases will start on Monday with a $40 billion installment.

By Ramsey Baker

  • Trump's "Big and Beautiful" Bill Passes: Biden and Harris Criticize, Financial Expert O... 5 days ago
  • Silicon Valley Giants, Trump Ally Launch 'Crypto Bank' Erebor, Aiming to Fill SVB Void 6 days ago
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 12 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 18 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 21 days ago
  • You need to login to comment.