Why Did the Fed Cut Rates to Near Zero?
by Dan Burrows, Contributing Writer, Kiplinger.com
Mar 16, 2020
2 minutes
The Federal Reserve on Sunday announced a steep cut to short-term interest rates, as well as a commitment to buying several hundred billion dollars of longer-term debt to lower long-term rates as well.
Cutting rates to near zero and launching a so-called quantitative program are moves straight out of the Fed's
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