And today's joke....is this for real? Cut rates and push more QE??
What is the idea behind this .why don't we just push rates negative and hand out a few hundred thousand to each citizen. How much more propping does this world economy need......are there people in agreement with this, if I was the fed I would raise rates to 5% tonight based this headline alone!!!!
Trump calls on Fed to cut rates by 1% and urges more quantitative easing
PUBLISHED AN HOUR AGO UPDATED 21 MIN AGO
Jeff Cox@JEFFCOXCNBCCOM
KEY POINTS
- President Trump intensifies pressure on the Federal Reserve, calling for a 1 point rate cut and more quantitative easing.
- The president compares the Fed unfavorably to China’s central bank, and says more stimulus would see the U.S. economy “go up like a rocket.”
https://www.cnbc.com/2019/04/30/tru...rcent-and-urges-more-quantitative-easing.html