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Federal Reserve Cuts Rates to Zero, Launches $700 Billion Quantitative Easing
DJDuck
Member Posts: 5,970
The Federal Reserve took several emergency steps Sunday afternoon to support the economy as the nation slowly shuts down due to the Wuhan coronavirus. Target interest rates were cut to zero to one quarter of one percent, and a $700 billion quantitative easing program was announced.
https://www.thegatewaypundit.com/2020/03/federal-reserve-cuts-rates-to-zero-launches-700-billion-quantitative-easing/
https://www.thegatewaypundit.com/2020/03/federal-reserve-cuts-rates-to-zero-launches-700-billion-quantitative-easing/
Comments
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QE5 commences not long after Trump threatened to fire Chairman Powell.
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Here's the deal, you fucking banks.
You need to go to the discount window and open the flood gates to businesses and individuals. Don't try to play the vig and hike your margin. Do the right fucking thing for a change. Keep the supply chains moving and the economy at least functional.
You want to remain a capitalist society? Don't be greedy. Pigs get fat, hogs get slaughtered. You fuck this up and the socialists will be out in force and a slew of the middle of the bell curve will move with them.
Do NOT fuck it up.
