Australia’s Central Bank cut interest rates and stated it will most likely further ease in order to make up for China’s Coronavirus situation and slowdown. They reduced to 0.5%, a record low. Other countries are doing the same thing, if not more so. Our Federal Reserve has us....
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....paying higher rates than many others, when we should be paying less. Tough on our exporters and puts the USA at a competitive disadvantage. Must be the other way around. Should ease and cut rate big. Jerome Powell led Federal Reserve has called it wrong from day one. Sad!
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Trump cares more about the coronavirus hurting the economy and his election chances than he cares about the most vulnerable Americans like the elderly and those with pre-existing conditions dying from the coronavirus.
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We’re going to see outbreaks of the coronavirus in nursing homes and long term care facilities if the CDC does not make testing kits widely available and prioritize resources to protect the elderly who experience the worst complications.
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Our central bank is clueless. They've blown the biggest housing bubble in recorded history. They were also talking about hiking rates in December 2018. All central banks are now making this up as they go. MMT comes next.
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A stock market crash would make it hard to win a presidential election.
So, I see why you are so eager to urge the FED to cut rates...
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Republicans don’t disappoint. As soon as Biden surges in the polls, they crank up talk of investigations.
Clearly a political hit job!!
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It’s not the Fed’s responsibility to correct your mistaken trade war, nor the careening stock market, nor the fact that China IS NOT buying $40 billion worth of ag products. You’re getting played like a “Christmas in Hollis” cassette tape in a Teddy Ruxpin doll.
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#coronavirus will kill thousands of Americans. Death and illness toll would be lower if you'd focus on testing and on preventing spread. But nah - interest rates.
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Trump keeps dangerously lying about the coronavirus: Task Force Expert Instantly Contradicts Trump On ‘Quick’ Coronavirus Vaccine — Again. “Like I’ve been telling you, Mr. President,” it’s going to take a year and a half, corrected Dr. Anthony Fauci.
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