BREAKING: The Federal Reserve announced today that it is cutting interest rates by half a percentage point, an emergency move designed to bolster the U.S. economy amid risks posed by the coronavirus outbreak
Update: The Federal Reserve announced today that it is cutting interest rates by half a percentage point, an emergency move designed to bolster the U.S. economy amid risks posed by the coronavirus outbreak.
“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,” Trump“Our Federal Reserve has us … paying higher rates than many others, when we should be paying less,” he
Trump previously pummeled Fed Chairman Jerome Powell in a tweet Monday, charging that the U.S. central bank chief was “slow to act” in the face of the coronavirus threat and urging him to cut rates.
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