Accounts Chamber assesses U.S. Fed interest ratedecision

Accounts Chamber assesses U.S. Fed interest ratedecision

Head of the Russian Accounts Chamber Alexey Kudrin commented on the U.S. Federal Reserve's announcement of cutting the key interest rate to near-zero.

"The U.S. Federal Reserve is being proactive," Kudrin wrote on his official Twitter account. "This supports the U.S. economy and sends a signal to the whole world economy. The task is to prevent a global recession," he noted.

The Federal Reserve earlier announced the measure to cut the key interest rate by a full percentage point, returning it to a range of 0 to 0.25% amid the global coronavirus outbreak.

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