Oh no is there a panic today & a drop in stock prices well yes i think it's true ! Begin
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Fed to cut rates again in March, but effectiveness challenged: Reuters pollPresident Trump said the Federal Reserve should cut interest rates in line with other central banks As profit margins of US firms are low, efforts to lower risk at low interest rates are necessary. Barely finished with totally wrecking Afghanistan & giving free reign to the Taliban, & allowing the Coronavirus epidemic to take hold, Trump now moves on to further wrecking monetary policy. Rapture! Also know as, 'please make my loans cheaper'. It's all he wants, anyone at the Fed Who tried to increase interest rates was excoriated. Dropping them will do little good and leave nothing else to do when you need to next.
Source: Reuters - 🏆 2. / 97 Read more »