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
Click on the link below to read the latest IMET Monthly Newsletter:
IMET February 2026 - Monthly Newsletter
Read moreIn this edition of the IMET Participant Spotlight, we feature Champaign County highlighting how the County has grown its IMET balances since joining in 2024 by using both the Convenience Fund and Core Fund to support short term liquidity needs while planning for long term goals.
IMET PARTICIPANT SPOTLIGHT HIGHLIGHTS: Champaign County
Read moreClick on the link below to read the latest IMET Monthly Newsletter:
IMET January 2026 - Monthly Newsletter
Read moreJoin IMET for a live webinar featuring John Rogers of Arbitrage Rebate Counselors, who will provide an overview of Arbitrage Rebate Calculation Services (ARCS). This session will highlight how today’s rate environment can affect rebate and yield-restriction outcomes.
Arbitrage Rebate Calculation Services Webinar
Read more