The central bank said Wednesday it would leave interest rates near zero and maintain its aggressive program of bond purchases in hopes of encouraging a faster rebound from the pandemic recession. Continue Reading Federal Reserve Will Read More
The Federal Reserve cut its key interest rate to near zero — a dramatic move not seen since the depths of the 2008 financial crisis. President Trump — who has slammed the Fed — praised the move. Continue Reading Fed Cuts Rates To Near Zero As Read More
The quarter-point cut signals growing concern at the Federal Reserve about a slowdown in the economy amid the trade war with China. The Fed last cut rates in 2008 and raised them as late as December. Continue Reading Federal Reserve Cuts Interest Read More