"I hope the Fed gets involved, and I hope they get involved soon," Trump said during a scrum with reporters late Friday afternoon, nearly an hour after Wall Street closed out its worst week since the financial crisis.
He did not specifically call for a rate cut but said the U.S. central bank should follow its global counterparts who are "putting in a lot of money" as fears grow that the COVID-19 virus could cause a sharp economic slowdown. "They're all going in, they're all putting in a lot of money. Our Fed sits there, doesn't do what they're supposed to do," Trump said. "They've done this country a great disservice."
Financial markets expect the Fed to enact a 50 basis point rate reduction when it meets in March. Officials, including Chairman Jerome Powell, have not committed to a course of action, though Powell said in a statement Friday that the central bank will act as necessary.for exclusive insights and analysis, and live business day programming from around the world.
Mmmmmm No!
....and there it is. Leave the market alone
Hey! He waved a wand and is responsible for the glory of the tumultuous increase so now he pleads for someone else to fix it! REALLY?
Wait, he said Coronavirus was a hoax created by CNN and market sold off because of the democrats. Now he wants the fed to help Coronavirus?
a) Angela Merkel here wouldn’t ever care about the stock market. b) isn’t there currently a problem with a virus spreading and elected governments should care for their citizens as all democratic constitutions oblige them to ?
I hope Jerome Powell has a Corona vaccine.
Not only rate cut, not only QE. This time helicopter money is a must for survival
Because this will cure people and stop the epidemic.
Rate is already close to zero and that is also the picture of long term US economic outlook
In 2015 Trump tweeted that if the stock market ever fell 1,000 points in a single day, the sitting President should be shot from a giant cannon straight into the sun. Can we please make that happen?
You now get why he hates the government, HE DOESN'T KNOW WHAT THE GOVERNMENT DOES
Capital is still at risk
Because that is how you fix the issue...worry about the stock market and not the health of the citizens...
here we go again. moon
So Jay Powell has epidemiologists on staff?
Pretty sure the Fed will come up with a cure any day now -- for the market, that is.
Better to stop closing the burse s indefinitely.
This isn’t a coronavirus sell off, if it wasn’t coronavirus it would have been any number of things in the news cycle on any given day, this was just another financial terrorism attack by the WS white collar Taliban to steal investors $ on fake fear, while they buy back 35% disc
What a ridiculous world with a clown as a ”president”.
Aka “please help me I’m a baby back bitch that doesn’t know what to do”
Literally all he cares about as he censors CDC doctors - just as bad as the CCP. He lost the presidency by claiming credit for stock prices.
Fed can do all they want, but supply chain is broken and it's a virus that is spreading rapidly which can't be controlled by Fed. Fed and Science are two different things. People's movements are restricted and that will impact the global economy... Reuters business AFP BBC
vivian_mace Yea, like he’s not already screaming “tax cuts” to start his manipulation.
Is there a universe where the president cares more about the health of his constituents than the market
he probably just found out that Fed is not a nickname for FBI and is showing off.
Potus does not need to panic The sell off is not a result of a weak economy. Focus on the vaccine and all will be well.
I didn't realize the Feds job was to protect the stock market...Oh, it's not, this is just more stimulus begging to prop up the 'best economy ever' you lowlifes have been lying about since Trump started breaking the bank 3 years back?