President Trump, VP Pence urge Americans not to hoard groceries, supplies

 
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Vice President Mike Pence and President Donald Trump provided an update on coronavirus Sunday.

President Donald Trump announced at the news conference that the Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak.

Trump also told Americans "there's no need to hoard" supplies. 

Trump says he has spoken with leading grocery store executives and that the food supply chain remains healthy. Pence urged Americans to only buy the groceries they need for the week ahead.

Meanwhile, one of the nation's most senior public health officials has called on Americans to act with more urgency to safeguard their health.

AP wires are contributing to this report.

MORE: LIVE BLOG - Coronavirus updates from the tri-state area and beyond 

PHOTOS: The impact of coronavirus around the world

 

 

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