https://techcrunch.com/2020/03/15/white-house-update-coronavirus/

The Trump administration has slashed federal interest rates as part of an effort to stabilize the economy following a rocky week on the financial markets.

The U.S. Federal Reserve cut interest rates to near-zero, the second time that the central bank has cut interest rates in as many weeks. The Federal Reserve also launched a $700 billion quantitative easing program to help prevent a further economic downturn sparked by the spread of coronavirus.