The US Federal Reserve has decided to cut the key rate by 150 basis points from March 16. The reason for this is the problem coronavirus. The rate will be at the level of 0 - 0.25% until those until there is confidence that the US economy coped with the consequences of the pandemic, the department said. Donald Trump reacted positively to this decision, noting that it will have a beneficial effect on the economy. The regulator encourages banks to use the "discount window" to support the demand for loans from citizens and organizations in conditions of a pandemic. This is stated in a message posted by on the website of the department. The Fed indicated that the situation with the virus caused significant damage to the economies of many countries, including The United States, and continues to negatively impact business activity, reducing the prospects for economic growth. As recently published statistics showed, the volume of retail sales in China in January and February decreased by 20.5% against the background situations with the virus.