Popular Tags
Federal Reserve Cuts Rates by 50 bps
Tuesday, March 3, 2020 in Press
Federal Reserve Cuts Rates by 50bps
The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate by 1/2 percentage point, to 1 to 1-1/4 percent. The Committee is closely monitoring developments and their implications for the economic outlook and will use its tools and act as appropriate to support the economy.
Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; Richard H. Clarida; Patrick Harker; Robert S. Kaplan; Neel Kashkari; Loretta J. Mester; and Randal K. Quarles.
Back to All News
Recent News
Halloween offers a lighthearted reminder that public fund investing can come with fewer surprises. A sound investment policy, cash flow forecasts, and diversification help local governments protect public funds, maintain liquidity, and pursue prudent returns.
No Tricks, Just Sound Investment Practices: Keeping Public Funds Safe
Read moreClick on the link below to read the latest IMET Monthly Newsletter:
IMET OCTOBER 2026 Monthly Newsletter
Read moreClick on the link below to read the latest IMET Monthly Newsletter:
IMET SEPTEMBER 2026 Monthly Newsletter
Read moreIMET’s first IAWA Conference was a valuable opportunity to listen, learn, and connect with Illinois wastewater professionals while gaining a better understanding of the communities they serve.
The IAWA Conference: Listening, Learning and Serving Illinois Communities
Read more