Virus Crisis Tracks West, Ebbing in China; Fed Slashes Rates

The coronavirus crisis shifted increasingly westward toward Europe and the United States, with the U.S. Federal Reserve announcing the biggest interest-rate cut in over a decade to try to fend off damage to the world's biggest economy.

  • Published 3 March 2020
Image via AP Photo/Vahid Salemi

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

BEIJING (AP) — The coronavirus crisis shifted increasingly westward toward Europe and the United States, with the U.S. Federal Reserve announcing the biggest interest-rate cut in over a decade to try to fend off damage to the world’s biggest economy. The disease reached deep into Iran’s government, where 23 members of Parliament and the head of the country’s emergency services were reported infected. South Korea started drive-thru testing. The French government announced it is requisitioning…

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