Interest Rates

U.S. policymakers' use of LIBOR as the benchmark for the $600 billion Main Street Lending Program increases challenges of moving to a replacement rate.

Federal Reserve officials restated their pledge to hold the benchmark interest rate near zero and will keep buying bonds, judging that the coronavirus…

It also pledged to buy some $700 billion in Treasury and mortgage bonds in response to fallout from the coronavirus.

Fed watchers increasingly predict that U.S. interest rates will soon hit zero.

With the largest rate cut since 2008, the Fed aims to stabilize markets amid global spread of the coronavirus.

Federal Reserve Chairman Jerome Powell signaled that the central bank would pull out the stops to combat a global disinflationary downdraft, foreshadowing…