The central bank said Wednesday it would leave interest rates near zero and maintain its aggressive program of bond purchases in hopes of encouraging a faster rebound from the pandemic recession.Read More
The Federal Reserve cut its key interest rate to near zero — a dramatic move not seen since the depths of the 2008 financial crisis. President Trump — who has slammed the Fed — praised the move.Read More
The quarter-point cut signals growing concern at the Federal Reserve about a slowdown in the economy amid the trade war with China. The Fed last cut rates in 2008 and raised them as late as December.Read More
