Fed makes emergency rate cut.

[hal2kilo]

Trump cheerleader Cramer on CNBC even said that the rate cut made no sense.

 

[Jhhnn]

Trump cheerleader Cramer on CNBC even said that the rate cut made no sense.

Cramer? Feh. I think what's happening is that the FRB will do what they can to prop up the economy even if it's ineffective. And when Trump says jump, they jump, of course.

 

[Muse]

In a sane political environment sure and the government would decisively act to provide direct financial assistance for those sectors impacted. Instead we're going to get a combination of lies, misinformation, blame, and inaction. In the meantime there is a growing risk that major portions of the economy will simply evaporate as demand disappears due to people staying home.

They will applaud all this in Moscow. And laugh.

 

[hal2kilo]

Cramer? Feh. I think what's happening is that the FRB will do what they can to prop up the economy even if it's ineffective. And when Trump says jump, they jump, of course.

It was definitely a bullied order from Trump, if you listen to what the FED said just days before.
Which just proves he really has a pathetic grasp on markets and monetary policy.

 

[Muse]

It was definitely a bullied order from Trump, if you listen to what the FED said just days before.
Which just proves he really has a pathetic grasp on markets and monetary policy.

Will the head of the FED's head roll if Trump says "axe down?"

 

[hal2kilo]

Will the head of the FED's head roll if Trump says "axe down?"

I don't think he can do anything directly, but you know how mafia godfathers work.