Wall Street falls as Fed fails to assuage virus worries
Share:
(Reuters) - Wall Street slipped on Monday as the still rapidly spreading coronavirus forced more U.S. states into lockdown, eclipsing optimism from an unprecedented round of policy easing by the Federal Reserve.After cutting interest rates to near zero and offering to purchase more Treasury bonds and mortgage-backed securities last week, the central bank now decided to lend against student loans and credit card loans as well as buy bonds of larger employers.The unprecedented moves briefly lifted..