Significantly in this statement here, in unanimous decision, the fed will maintain the target rate of near zero, between zero and quarter of a point until the fed is certain, it says that the economy has weathered this storm. Now the fed also approved establishment after primary credit rate of. 25 . The basic credit rate it lends to banks going back and forth no mention other Credit Facilities being related or created for this. Of the almost 5 trillion in stimulus. The Federal Reserve has yet to go forward. I talked with treasury secretary Steve Mnuchin and he said [inaudible] cheryl weve just lost edward. I want to give you a recap. Well look at the dow right now. Stocks are actually maintaining their position right now. The dow is up 570. All of the headlines were seeing cross from the Federal Reserve right now, again just to recap here, near zero, unanimous decision. It was 100 from the fed a unanimous decision and they are pledging aggressive action as the economic distress worsens
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