Permanent historical factsheet

Emergency Federal Funds Rate Cut

United States of America · Economy / Federal Reserve. Chronological records rendered directly from the World History Database.

1Records
2020Date range
1Named people
1Places

Chronological records

2020

Jerome Hayden Powell3 March 2020

Washington · Economy / Federal Reserve

The Federal Open Market Committee makes an emergency one-half percentage point reduction in the federal funds target range as the emerging coronavirus outbreak creates rapidly evolving risks to economic activity.

Names involved

Jerome Hayden Powell

Provenance

This factsheet is generated from stored World History Database records matching the country, broad category, detailed category and exact Event value shown above. Duplicate display records are collapsed; database wording is otherwise preserved. Source provenance varies by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.