Breaking News: The Federal Reserve slashed interest rates to near zero and said it would buy government debt to shore up the economy amid the coronavirus crisis.

View in browser | nytimes.com   BREAKING NEWS The Federal Reserve slashed interest rates to near zero and said it would buy government debt to shore up the economy amid the coronavirus crisis. Sunday, March 15, 2020 5:06 PM EST Besides cutting its key interest rate by a full percentage point, returning it to a range of 0 to 0.25 percent, the Fed said that it would increase its holdings of Treasury securities by at least $500 billion and its holdings of government mortgage-backed securities by at least $200 billion “over coming months.” Read the latest   ADVERTISEMENT You received this email because you signed up for NYTimes.com's Breaking News Alerts. To stop receiving these emails, unsubscribe or manage your email preferences. Subscribe to the Times Get the NYT app Change Your Email Privacy Policy Contact Advertise The New York Times Company, 620 Eighth Avenue, New York, NY 10018