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The Fed's decision to cut interest rates before its next scheduled policy meeting on March 17-18 reflects the urgency with which the Fed feels it needs to act in order to prevent the possibility of a global recession.
https://www.moneycontrol.com/news/world/tackling-coronavirus-federal-reserve-cuts-rates-by-half-a-percentage-point-4998381.html
https://www.moneycontrol.com/news/world/tackling-coronavirus-federal-reserve-cuts-rates-by-half-a-percentage-point-4998381.html
Moneycontrol
Tackling coronavirus: Federal Reserve cuts rates by half a percentage point
The Fed's decision to cut interest rates before its next scheduled policy meeting on March 17-18 reflects the urgency with which the Fed feels it needs to act in order to prevent the possibility of a global recession.