Post Federal Open Market Committee meeting press conference underway right now:
Powell also spoke on fiscal policy, not in the purview of the Fed but says its a critical step from governments.
Earlier from the call:
- Coronavirus - Fed's Powell says US economy was on solid footing going into this
- Fed's Powell says there will be no FOMC meeting this week - action today instead
The earlier announced emergency response:
- Federal Reserve acts on a Sunday evening to slash rates to near zero
- BoE Carney and Bailey comment on the coordinated global central bank cuts
- Here is the ECB on the global central bank co-ordinated move
- The Federal Reserve (and coordinated global actions) at a glance - what it means
