Monetary policy

Federal Reserve Chair Jerome Powell speaks during a news conference, Tuesday, March 3, 2020, to discuss an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus "poses evolving risks to economic activity." (AP Photo/Jacquelyn Martin)
March 03, 2020 - 2:06 pm
WASHINGTON (AP) — In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell said at a news conference that the virus “will surely weigh on...
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Trader Mark Muller works on the floor of the New York Stock Exchange, Tuesday, March 3, 2020. Stocks are opening lower on Wall Street after the Group of Seven countries held off on giving the global economy new stimulus to help it cope with the coronavirus outbreak. (AP Photo/Richard Drew)
March 03, 2020 - 2:02 pm
NEW YORK (AP) — A brief relief rally for U.S. stocks vanished on Tuesday, and indexes slid after an emergency interest-rate cut by the Federal Reserve failed to wipe out fears that a fast-spreading virus outbreak could lead to a recession. It took just 15 minutes for a rally to evaporate following...
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Trader Mark Muller works on the floor of the New York Stock Exchange, Tuesday, March 3, 2020. Stocks are opening lower on Wall Street after the Group of Seven countries held off on giving the global economy new stimulus to help it cope with the coronavirus outbreak. (AP Photo/Richard Drew)
March 03, 2020 - 1:06 pm
NEW YORK (AP) — Stocks fell in early-afternoon trading Tuesday, wiping out a brief pop higher after the Federal Reserve swooped into the market with an emergency interest-rate cut in hopes of shielding the economy from the effects of the fast-spreading virus outbreak. It took just 15 minutes for a...
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Employees wearing protective gear spray disinfectant to sanitize a passenger bus as a preventive measure against the coronavirus in Lviv, Ukraine, Tuesday, March 3, 2020. Ukrainian Chief sanitary and epidemiological doctor Viktor Liashko has just reported its first confirmed case of the new COVID-19 coronavirus, saying a man who recently arrived from Italy was diagnosed with the virus. (AP Photo/Mykola Tys)
March 03, 2020 - 12:52 pm
PARIS (AP) — The coronavirus crisis shifted increasingly westward toward Europe and the United States on Tuesday, with governments taking emergency steps to ease shortages of face masks for front-line doctors and nurses and the U.S. Federal Reserve announcing the biggest interest-rate cut in over a...
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Men work at a construction site with the Olympic rings in the background Tuesday, March 3, 2020, at Tokyo's Odaiba district. The spreading virus from China has put the Tokyo Olympics at risk. The Olympics are to open on July 24 - less than five months away. (AP Photo/Eugene Hoshiko)
March 03, 2020 - 12:37 pm
BERLIN (AP) — As more countries report cases of the new coronavirus, governments are eyeing measures to cushion the economic impacts and some athletes are urged to keep their distance from fans. These are some of the latest developments Tuesday: US CENTRAL BANK CUTS RATE TO COUNTER VIRUS FALLOUT...
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Employees wearing protective gear spray disinfectant to sanitize a passenger bus as a preventive measure against the coronavirus in Lviv, Ukraine, Tuesday, March 3, 2020. Ukrainian Chief sanitary and epidemiological doctor Viktor Liashko has just reported its first confirmed case of the new COVID-19 coronavirus, saying a man who recently arrived from Italy was diagnosed with the virus. (AP Photo/Mykola Tys)
March 03, 2020 - 12:12 pm
PARIS (AP) — The coronavirus crisis shifted increasingly westward toward Europe and the United States on Tuesday, with governments taking emergency steps to ease shortages of face masks for front-line doctors and nurses and the U.S. Federal Reserve announcing the biggest interest-rate cut in over a...
Read More
Trader Mark Muller works on the floor of the New York Stock Exchange, Tuesday, March 3, 2020. Stocks are opening lower on Wall Street after the Group of Seven countries held off on giving the global economy new stimulus to help it cope with the coronavirus outbreak. (AP Photo/Richard Drew)
March 03, 2020 - 11:57 am
NEW YORK (AP) — Stocks whipped up and down Tuesday after the Federal Reserve swooped into the market with an emergency interest-rate cut in hopes of shielding the economy from the effects of the fast-spreading virus. The surprise move gave stocks a strong, brief boost, but it took just 15 minutes...
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South Korean army trucks spray disinfectant as a precaution against the coronavirus on a street in Ulsan, South Korea, Tuesday, March 3, 2020. China's coronavirus caseload continued to wane Tuesday even as the epidemic took a firmer hold beyond Asia. (Kim Young-tae/Yonhap via AP)
March 03, 2020 - 11:36 am
WASHINGTON (AP) — In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell said at a news conference that the virus “will surely weigh on...
Read More
South Korean army trucks spray disinfectant as a precaution against the coronavirus on a street in Ulsan, South Korea, Tuesday, March 3, 2020. China's coronavirus caseload continued to wane Tuesday even as the epidemic took a firmer hold beyond Asia. (Kim Young-tae/Yonhap via AP)
March 03, 2020 - 11:25 am
WASHINGTON (AP) — In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the virus “poses evolving risks to economic activity...
Read More
South Korean army trucks spray disinfectant as a precaution against the coronavirus on a street in Ulsan, South Korea, Tuesday, March 3, 2020. China's coronavirus caseload continued to wane Tuesday even as the epidemic took a firmer hold beyond Asia. (Kim Young-tae/Yonhap via AP)
March 03, 2020 - 11:08 am
WASHINGTON (AP) — In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the virus “poses evolving risks to economic activity...
Read More

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