WASHINGTON—The Federal Reserve slashed its benchmark interest rate to near zero on Sunday and said it would buy $700 billion in Treasury and mortgage-backed securities in an aggressive bid to prevent market disruptions from aggravating what is likely to be a severe slowdown from the coronavirus pandemic.
“The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” the Fed’s rate-setting committee said in a statement Sunday. “The Federal Reserve is prepared...
Mortgage rates are going up even as fed reduced to 0% interest rates, which seems to e sign of doom to the market coming soon. Greedy bankers again can cause a slowdown in real estate. It’s a corona virus plus 2008 recession.
Have there been economic disruptions?
SandraSmithFox Hey Sandra! Go back to FOX BUSINESS channel! Please stop with your Incessant FEAR MONGERING about the Stock Market! All you and Ed do EVERY DAY is play Apocalyptic Coronavirus stories with the plummeting DOW JONES plastered on the right side of the screen. FEAR MONGERING!
SandraSmithFox Congratulations Sandra! You and your Cohort Ed Henry must be proud! Your FEAR MONGERING Morning Show have driven the market into the Ground! Your show is no better than CNN, MSNBC! Disgraceful and ANTI AMERICAN! You should be ashamed!
Sooo... we can all agree now? EndTheFed ?
Wtf.?omg
savings spoliation with negative interest
damaging dollars I am afraid. You gonna loss power of purchase again.
kylegriffin1 $1.9 trillion for healthcare? Outrageous! It'll bankrupt us! Socialism! Libtards want free stuff! $1.9 trillion for Wall street bailout? Had to be done. Trump 'It makes me happy' Where is the outrage? corporateWelfare
R1CHMINDED
The Fed can cut to “-5” if they can but unless they can stop the corina virus - the markets will keep going down
Rich stay rich amirite?
Is this the practice of the government taking on debt to stimulate the economy?
All to save who exactly?
🤣🤣🤣
Sounds frantic, we are all screwed. Send your thank you to the GOP.
The Devil is in the detail. Are to bank with mall this monetary Market give credits and refinance mortgages with a house as collateral? not as Credit Cards consumer Credit?
Who fucking cares. How does that help my hourly job that’s getting shut down?
LoL，why not paying more money to fight coronavirus.
Bitcoin
federalreserve: Noice. But the banks 🏦 are raising interest rates. Crushing the consumers. Also, this will not help when millions are out of a job. Banks do not lend to people with no money. Terrible idea.
Its time to buy gold!
VERY GOOD. THE FEDS NEED TO BE FOR THE PEOPLE. GO PRESIDENT TRUMP.
wolfofcrypto89
fed making money !
Hello, Mortgage Crisis part Deux...
SandraSmithFox Sandra- need your help. We’ve developed a tool for GOVERNMENTAL use ready to deploy now. Submitted to NIH on Friday. It would allow CDC to track COVID19 in real time & connect every hospital, clinic & lab directly to CDCgov within 24 hours. Video:
you need to do better than this. Ask the questions.
I took stock in to a month ago
So since Friday of last week they have through the discount window and bond purchases spent enough to have given every American alive around $2200.00
this is bs
Endgame! Buy bitcoin.
Trying to keep stock from falling. It won’t work. Instead, 1. put everyone under quarantine, 2. Give every single worker 3 months of paid sick leave-starting today 3. move everyone to MedicareForAll.
🚁💰 - 🛒₿
Keep shoveling, boys
hughhewitt Great for banks! Nothing for people who are not executives!!
Time to get a thicker mattress
And that helps consumers who are staying home how? That helps businesses who have no consumers showing up how? What an asinine attempt by realDonaldTrump to prop up the markets. Another fraud move. MikeBloomberg DNC
jimcramer
HandeAkmehmet Pisliği halının altına süpürmekten başka bir şey değil bence .
Kahrolsun Amerikan, İngiltere ve İsrail Emperyalizmi!
Thanks to China for creating a big mess.
Looks like both Trump and Powell tried hard to keep their jobs.
SandraSmithFox This Fed action ought to do it along with Trump’s re-election. Virus managed/disappears, we turn Trump loose on the economy, Fed bumps rates back up and by next winter we’ve beat the beast.
Should have been done last week. But more importantly is Quantitative Easing.
When real $hit hits the fan, the Fed will be totally powerless do do F*nk nothing! This is irresponsible!!!
How about give everybody $10000 instead? Powell, you can be the next president.
The Fed just ran out of toilet paper
Next up, negative interest rates. Probably shouldn't have made three cuts last year trying to keep the market hot. Fed
Wake me up when they issue negative rates
There’s an alarming of people here doomsday commenting who clearly have no idea what this means or even the functions of the Fed. There’s probably a correlation between them and toilet paper shortages. Probably...
If this is another F’n bailout I’m done... QAnon
cdotharrison
Lol
Hey, how about a round of applause for all these social media economists. If they didn't do anything, you would complain about that too. Trump put pressure on the Fed and they took action. Regardless of who's president, this pressure leading to action is better than no action.
kylegriffin1
DrGJackBrown What. About. The. Working. Poor?
Well, that’ll take care of the coronavirus !! Way to go! Whew.....
SandraSmithFox Come hell or high water, the banks are taken care of.
kylegriffin1 All of trumps rich friends now go borrow for free. Threaten to fire the fed Reserve head...and he folds like a dollar store lawn chair.
Possible New World Order One World Currency?
piesdeplomo74
So people can still go belly up and all trump’s real estate buddies can cash in. People are stupid if they take out debt or refinance because of this stunt.
Pizdec
Time for plan B(tc).
I don’t believe that investors will see this as a positive development. This looks like the act of desperation that it is.
Once again rewarding the Wall Street CROOKS who staged a sell-off to 'take profit', exploiting the national health emergency. The con man fraudster in-chief trying to buy the election.
Great news
People, you are seeing the largest heist int he mankind history wherein the taxpayers are about to loose at least 3-4 trillion dollars for a manufactured virus and by the time its done, the economy will be great recession...Watch and dread!!
Now would be a great time to nationalize all assets owned by PRC and it's nationals
DrGJackBrown Won't work.
Moon
Enormous error. The bullets have now all been fired and we’ve not yet hit a real recession.
$300 billion is $1,000 to almost every American and that would all go back into the economy
kylegriffin1 Seems like they're using all their ammo a little too soon, and in the wrong places.
Wow. That’s not good.
kylegriffin1 fu€k the feds!!! give us test kits!!!
kylegriffin1 Powell is so weak. When markets crash we’ll now have nowhere to go.
Fuck me
Circling the drain and the Fed hits the handle
'Who's paying for all of it?'
hughhewitt Category error
josh_hammer I’d read it if Wall Street Journal weren’t keeping it behind a paywall.
Easier to pump futures?
FYI- lenders are NOT lowering interest rates to consumers!
$700 Billion we can easily find...but universal healthcare there’s no money🧐
This is devastating and a manipulation of the Economy by Trump. This is going to hurt.
Pointless. What’re they going to do next? Negative rates? Should have saved this for the back end of the Pandemic.
WHERE IS OUR BAILOUT
Time to buy a house or refinance!
Wow. Trump supports must really be thinking those Democrats are taking their Corona Hoax too far. 🤦🏼♀️
Close the markets
Zalim Milletler için yaşasın Corona 🇹🇷🇹🇷🇹🇷🇹🇷🇹🇷🇹🇷🇹🇷🇹🇷🇹🇷🇹🇷
ZIRP
CarpeNoctom and what about the force that drives the market, ya know... UH... the people?
OH MY GOD
Will that help in ensuring Coronavirus test kits will be available across the country?
Can’t go lower than 0 people, this is bad