The U.S. Federal Open Market Committee on March 17 maintained its target for the federal funds interest rate at a range of between 0% and 0.25%, which was last established a year ago at the beginning of the Covid-19 pandemic.U.S.
Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world's largest economy from the impact of the coronavirus, during a news conference in Washington, U.S., March 3, 2020.
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