United States of America · Economy / Federal Reserve. Chronological records rendered directly from the World History Database.
The Federal Open Market Committee reduces the federal funds target range to zero to one-quarter percent and announces large purchases of Treasury and agency mortgage-backed securities as the pandemic shock intensifies.
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by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.