Renewable Revolution

“We do recognize a rate cut will not reduce the rate of infection, it won’t fix a broken supply chain. We get that,” Mr. Powell said.

Sechel 👍
50 bps rate cut doesn't make people go to the malls or visit their local chinese restaurant. this was simply irresponsible and hurts the elderly, insurance companies and pensions.

corrupt, Trump spawned

oligarchic owners (AND 🦀 Trump's political ass)

Whisper2018
this big move from the FED may scare people away from spending and may well reinforce the downward momentum initiated by the coronavirus..

  Carl_R 👍
As I pointed out previously, this is the classic "you can't push on a string" example from the 1930's. When primary demand is destroyed, you can't make it re-appear with rate cuts. Yes, now you can get lower rate deals on car loans, appliances, and homes, but will those make you more apt to buy when what you really would like to buy is an N95 mask?

This won't significantly increase primary demand, but it does make is clear that this is a major inflection point.

Take THAT, Mr. OLIGARCHIC 🦀 Trump Toady 😈 Powell!