US Federal Reserve cuts key interest rates to almost zero percent

“The impact of Corona virus will burden economic activity in the short term and pose a risk to economic development, “the Fed justified the move Span will remain at this level until the economy has weathered recent developments and is back on track to meet its employment and price stability goals.

The Fed had that last Interest rates reduced by half a percentage point on March 3. It was the first rate cut since the 2008 financial crisis outside of a regular meeting of its members. The next meeting is scheduled for Tuesday and Wednesday.

–