Accounts Chamber assesses U.S. Fed interest ratedecision

Head of the Russian Accounts Chamber Alexey Kudrin commented on the U.S. Federal Reserve's announcement of cutting the key interest rate to near-zero.

"The U.S. Federal Reserve is being proactive," Kudrin wrote on his official Twitter account. "This supports the U.S. economy and sends a signal to the whole world economy. The task is to prevent a global recession," he noted.

The Federal Reserve earlier announced the measure to cut the key interest rate by a full percentage point, returning it to a range of 0 to 0.25% amid the global coronavirus outbreak.