President Trump Praises Fed as Interest Rates Are Slashed to Near Zero

The Federal Reserve slashed interest rates to near zero on Sunday as part of a series of measures intended to combat the economic downturn caused by the coronavirus pandemic.

The central bank cut rates to 0% to 0.25%, the central bank announced in a statement. The Fed will also purchase $700 billion worth of Treasury and mortgage-backed securities through quantitative easing, a measure previously used during the Great Recession to get money flowing back into the markets, The Washington Post reported.

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Commentary: Deficits Are Secondary to What You’re Paying For

US Capitol

“I am not worried about the deficit,” Ronald Reagan famously said. “It is big enough to take care of itself.”

If you pay attention to the libertarian purists, President Reagan earns mixed reviews on his economic policies. After all, in 1983, the federal budget deficit exceeded 6 percent of GDP. But Reagan was untroubled by federal budget deficits for at least two reasons, and in both cases he has been vindicated by history.

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Trump Fed Pick Stephen Moore Cites Smear Campaign, Won’t Withdraw

  U.S. President Donald Trump’s pick to fill a vacant seat at the Federal Reserve said on Sunday a smear campaign was being waged against him, after past writings and comments about women sparked renewed criticism by Democratic lawmakers. Stephen Moore, during an interview on ABC’s This Week, said there…

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Commentary: The Fed Steps On Middle America Again

by CHQ Staff   President Trump’s pro-growth economic policies have put America back to work, and for over a year drove the stock market to new highs, boosting the personal wealth of millions of middle income Americans, then came the Federal Reserve’s inexplicable decision to raise interest rates again. Since…

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The Fed Finally Begins Rolling Back its Portfolio

by Robert Romano     The Federal Reserve has dumped an eye-popping $343 billion of U.S. treasuries and mortgage-backed securities since it began its policy normalization program in Sept. 2017. $116 billion of that, or more than a third, has been since Sept. 2018 as the nation’s central bank has…

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