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Author Topic: Fed canceled the meeting on 17-18 March.  (Read 759 times)

Werch

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on: March 16, 2020, 02:51:24 AM
The Fed canceled the meeting on 17-18 March.

Jerome Powell, president of the Federal Reserve (Fed), announced to the media this morning in Thai time that The Fed's Monetary Policy Committee (FOMC) canceled its meeting on 17-18 March, the same schedule. The Fed has already held an emergency meeting on Sunday 15 March, which is considered as compensation for the meeting on 17-18 March.

The Fed has surprised the market by lowering the policy interest rate by 1.00% from 1.00-1.25% to 0.00-0.25% at an emergency meeting on Sunday, 15 March, US time. And the meeting was announced at approximately 4pm today (16 March) Thai time to reduce the impact of the outbreak of the Covid-19 virus. The Fed said the Fed will keep interest rates at the level until the Fed is confident that the economy will be able to overcome the crisis at the moment. To achieve the goal of maximizing employment And maintain price stability

In addition, the Fed announced the purchase of bonds under the quantitative easing (QE) limit of $ 70 billion.



 

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