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Investors Clamor for the Fed to Slash Rates to Zero

  • Investors take fright at lack of government response to virus
  • Fed floods market in cash as stocks see worst fall since 1987
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Fed Offered Huge Liquidity Injection to Ease Market Strain
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All of Wall Street’s eyes are on Washington again, but only Federal Reserve Chairman Jerome Powell is catching its gaze.

With discussions around a comprehensive fiscal policy response to the coronavirus from the U.S. government still ongoing in Washington, investors are looking to the central bank to fill the vacuum by supporting the economy and keeping markets functioning. It unleashed a trillion dollars on Thursday, but failed to halt the stock market rout.