BeInCrypto: Fed Slashes Rates, Opens $700 Billion of QE to Buoy Collapsing Markets
Federal Reserve Chairman Jerome Powell announced Sunday that the agency would take drastic measures to help collapsing financial markets. [CNBC] The announcement included dropping the Fed funds rate to 0%-0.25% and $700 billion in quantitative easing. The announcement was not a surprise, given the dramatic losses in the stock and Bitcoin markets. The Fed is […]
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