March 23, 2020
Press release by the Fed, March 23, 2020
” 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 more about the new measures to support the economy :
Source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200323b.htm
