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Federal Reserve Cuts Rates To Zero And Launches $700 Billion Quantitative Easing Program
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
Tags: Coronavirus,Federal Reserve,quantitative easing program,rate cuts
Link: Federal Reserve Cuts Rates To Zero And Launches $700 Billion Quantitative Easing Program [Copy]
