# Federal Reserve: Monetary Policy Actions in Response to COVID-19 - EveryCRSReport.com

> A Congressional Research Service insight summarizes Federal Reserve monetary actions in response to COVID-19. It covers federal funds rate cuts to a 0%-0.25% range on March 15 and the use of liquidity measures.

- Date: 2020-04-13 · published 2020-04-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/53570-federal-reserve-monetary-policy-actions-in-response-to-covid-19-everycrsreport
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower policy rates and expanded liquidity support asset prices and the dollar's path, which can influence commodity demand and currency-driven export competitiveness. This is background rather than a new market shock.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-06-12 | [The Federal Reserve’s Response to COVID-19: Policy Issues](https://feedsoft.ai/events/52531-the-federal-reserve-s-response-to-covid-19-policy-issues.md) | +0.8% | +0.1% |
| DXY | 2017-03-30 | [The Importance of Financial Conditions in the Conduct of Monetary Policy - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/72194-the-importance-of-financial-conditions-in-the-conduct-of-monetary-policy.md) | +0.2% | +0.2% |
| DXY | 2020-10-21 | [The Federal Reserve’s New Monetary Policy Strategy](https://feedsoft.ai/events/50554-the-federal-reserve-s-new-monetary-policy-strategy.md) | -0.2% | -1.6% |
| DXY | 2016-11-11 | [Speech by Vice Chairman Fischer on U.S. monetary policy from an international perspective - Federal Reserve Board](https://feedsoft.ai/events/73749-speech-by-vice-chairman-fischer-on-u-s-monetary-policy-from-an-international.md) | +1.4% | +0.8% |
| DXY | 2017-02-16 | [Janet Yellen: Semiannual Monetary Policy Report to the Congress](https://feedsoft.ai/events/72392-janet-yellen-semiannual-monetary-policy-report-to-the-congress.md) | -0.5% | -0.7% |

## Sources

- everycrsreport.com: https://www.everycrsreport.com/reports/IN11330.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.