There is nothing in the economy yet calling for this, and factories/luxury travel won't boom due to a rate cut if people fear the virus. So... Fed made a useless and early move due to Trump pressure.
So much for them being above political/media pressure. Thin-skinned chickens.
So much for them being above political/media pressure. Thin-skinned chickens.
I canceled my late April trip to Europe but now that the Fed cut rates, I am reconsidering.
I may even visit #Whuan instead if the Fed cuts rates again by early April.
I may even visit #Whuan instead if the Fed cuts rates again by early April.
"We do recognize the rate cut will not reduce the rate of infection. It won’t fix the broken supply chain. We get that...but we do believe our action will provide a MEANINGFUL BOOST to the economy.” - Fed Chair as tweeted @byHeatherLong.
