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Monday, March 16, 2020

President Trump 'very happy' as Fed cuts rate to near zero

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President @realdonaldtrump on the Federal Reserve's latest action: cutting interest rates from 1-1.25% to 0-0.25%.

A post shared by The White House (@whitehouse) on Mar 15, 2020 at 3:55pm PDT



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#trump

A post shared by Breitbart (@wearebreitbart) on Mar 15, 2020 at 4:08pm PDT



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President Trump reacted to the Federal Reserve's emergency action by congratulating policymakers on Sunday. ⁣ ⁣"It's a big step, I am very happy they did it," said Trump at the start of the coronavirus task force meeting. "It brings us in line with other countries," he said, referring the Fed cutting rates to near zero in a historic move in response to the COVID-19 crisis. ⁣ ⁣"There are a lot of people on Wall Street that are very happy," Trump noted, adding that he would ease up on his criticism of the Fed and Chairman Jerome Powell. ⁣ ⁣The Federal Reserve on Sunday slashed its benchmark federal fund rate by a full percentage point to near zero and said it would buy $700 billion in Treasury securities, an aggressive step to insulate the U.S. economy from the COVID-19 pandemic.

A post shared by Fox Business (@foxbusiness) on Mar 16, 2020 at 12:00am PDT

at 8:00 AM
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COLUMNISTS:

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BLOGS/NEWS:

  • Instapundit
    ENDORSED: Josh Hawley: It’s time to stand up against the muzzling of America. Related: Liber…
  • Le·gal In·sur·rec·tion
    Oops – Biden Census Executive Order On Counting Illegal Aliens May Hand Texas GOP Multiple House Seats
  • Watts Up With That?
    Biden Senior Director for Environmental Justice Blames “Systemic Racism” for Climate Change
  • Power Line
    Lefty journalist smears Tom Cotton
  • Althouse
    At the Diagonal Café...
  • The Gateway Pundit
    Crackhead Hunter Biden Is Reportedly Advising Joe Biden on China — The Same Guy Who Got the Billion Dollar Infusion From the Chi-Coms
  • TheBlaze.com - Stories
    Rash of student suicides push Las Vegas schools to partially reopen
  • The Lid
    Report: Trust in Liberal Media Hits All-Time Low
  • Doug Ross @ Journal
    Top 20 Tweets from BadBlue Tonight, 01.24.21: Flim-Flam Edition
  • The Other McCain
    Booted!
  • Twitchy
    Blue-check called out for lying about Sen. Josh Hawley
  • Moonbattery
    Executive Order Turns DOJ Into Shakedown Operation
  • Hot Air » Top Picks
    Dick Durbin's disturbing filibuster talk
  • Sultan Knish
    The D.C. Occupation Will Continue Until Democracy is Saved
  • The Reference Frame
    Petr Kellner's transactions look like pure, clever, and ethical capitalism to me
  • The Black Sphere
    Did Katie Couric Push Too Far?
  • The New Neo
    There’s no harmony like close harmony: Part I
  • MichelleMalkin.com
    Why a Biden Crony Wanted to Punch Me in the Face, by Michelle Malkin
  • Fox&Hounds
    Fox and Hounds Daily Says Goodbye
  • TrevorLoudon.com: New Zeal Blog
    American Communists Watch As Russians Award Venezuela’s President Maduro ‘Order Of Lenin’

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