Due to the expansion of the Coronavirus in the territory of the United States, the Federal Reserve (FED) decided to make several emergency decisions this Sunday, including lowering its interest rate to 0 and 0.25%.
MiamiDiario Newsroom
The Fed also indicated that would buy more Treasury securities to encourage lending to offset the impact of the coronavirus outbreak, reported telemundo51.
According to the Central Bank, the effects of the new strain of the Wuhan virus will affect economic activity in the short term and will pose risks to the economic outlook.
The Fed also indicated that it will continue with rates at almost zero until it feels confident that the economy has withstood the events that are occurring due to the expansion of the coronavirus.
Other information given by the Federal Reserve is that will acquire $500 billion in Treasury securities and $200 billion in mortgage-backed securities to amortize market disruptions that have hampered the sale of Treasuries by banks and big investors.
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