This info is already on the Stocks thread but I thought others may be interested.
From the WSJ
WASHINGTON—The Federal Reserve slashed its benchmark interest rate to near zero Sunday and said it would buy $700 billion in Treasury and mortgage-backed securities in an urgent bid to prevent market disruptions from aggravating what is shaping up to be a severe economic slowdown from the coronavirus pandemic.
From the WSJ
WASHINGTON—The Federal Reserve slashed its benchmark interest rate to near zero Sunday and said it would buy $700 billion in Treasury and mortgage-backed securities in an urgent bid to prevent market disruptions from aggravating what is shaping up to be a severe economic slowdown from the coronavirus pandemic.
