• HUMAN REPORTERS · NOT MACHINES

    Fed Cuts Rates To Zero

    By CDM Staff
    March 15, 2020
    0
    Fed cuts rates to zero
    Image by Anita Mishra

    This story is developing...

    The Federal Reserve Bank of the United States has cut the Fed Funds short term interest rate to 0.0-0.25%. The central bank will also be buying additional securities...$500 billion in US Treasuries, and an additional $200 billion in MBS (mortgage backed securities) to add liquidity to the general economy.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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