Need To Know News 20-03-16 Original post Cached copy Federal Reserve Cuts Rates to Near Zero and Launches $700-Billion Quantitative-Easing Program in Response to Economic Impact of Coronavirus Scare Need To Know News - 2020-03-16 - Original post - Cached copy Despite the boost, stock market futures on Sunday night hit "limit down" levels of 5% or lower, with Dow Jones average futures down by more than 1,000 points.