03-15-2020, 02:20 PM
On a Sunday afternoon - the Fed just slashed interest rate to zero moments before the President's press announcement. What do you think about this?
I'm concerned that they've signaled we're in an extraordinary financial crisis and have used their bullets up based on political pressure. I think it'll give a temporary bump to the stock market but it doesn't help the consumer which is where the economy is going to struggle.
I'm concerned that they've signaled we're in an extraordinary financial crisis and have used their bullets up based on political pressure. I think it'll give a temporary bump to the stock market but it doesn't help the consumer which is where the economy is going to struggle.