Federal Reserve Slashes Rates In Hopes Of Countering Coronavirus Economic Impact | NBC Nightly News


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Federal Reserve Slashes Rates In Hopes Of Countering Coronavirus Economic Impact | NBC Nightly News

The Federal Reserve slashed rates by half a point in hopes of boosting markets — the first time the Fed has taken this kind of step since the 2008 financial crisis.
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Federal Reserve Slashes Rates In Hopes Of Countering Coronavirus Economic Impact | NBC Nightly News

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26 Comments

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  1. This was never a monetary issue plaguing the market. This is, and will be a health issue for the coming months. Workers are getting sick, or told to not come in across the globe. Consumers are switching from investing to stocking up on survival items. Barely anyone has an emergency fund in place to gaurd against this, and a majority have crippling debt. So incentivizing the overwhelming majority of middle / upper middle class people to buy homes, stocks, bonds, car, etc., thanks to this rate cut, is a win for the ultra elite who have none to fear. I would have chosen this procedure around the middle of next quarter to jumpstart the market, not rebound it from it's overpriced valuation like now.

  2. I wish Chuch Schumer would just zip it. I'm tired of his criticism of the President. He is not the President and the American people don't want to hear from him. We will let him know if we change our minds.

  3. This economy has been a bubble since 2009. The 2008 crisis never ended. It only got worse with the death of the Middle Class and this country becoming a third world. This entire economy has been built by Quantitative Easing by the Fed since 2009. Trillions have been added to the money supply. The end result has been the rich got richer and the poor poorer.

  4. Coronavirus isn’t a new virus. This is an election year manufactured fraud crises, like Caravan crises. Then he will declare victory for in few weeks. Old, same playbook of Trump

  5. He should have said "we will offer free tests for all people in this country because we are the greatest nation of the world! " …. what is wrong with our president ???

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