Fed Announces Extensive New Measures to Support the Economy

By Staff Writer March 23, 2020 186

The Fed released a statement via its website on measures to shore up the economy amid the CoVid-19 pandemic. "The Federal Reserve is committed to using its full range of tools to support households, businesses, and the U.S. economy overall in this challenging time. The coronavirus pandemic is causing tremendous hardship across the United States and around the world. Our nation's first priority is to care for those afflicted and to limit the further spread of the virus. While great uncertainty remains, it has become clear that our economy will face severe disruptions. Aggressive efforts must be taken across the public and private sectors to limit the losses to jobs and incomes and to promote a swift recovery once the disruptions abate." Read the full statement Here.

Rate this item
(1 Vote)
Last modified on Monday, 23 March 2020 17:05

Trending News

EV Group Withdraws Guidance

EV Group Withdraws Guidance

Mar 29, 2020 Rate: 0.00

Fair Responds to COVID-19

Fair Responds to COVID-19

Mar 29, 2020 Rate: 0.00