Trump killed stimulus talks hours after Fed urged more economic aid - Business Insider

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The Fed warned of 'tragic' consequences if the US didn't do more to support its economic recovery. Hours later, Trump killed talks around more stimulus.

. With Democrats and Republicans still far from a compromise, Trump's decision left the nation in a situation where it must push forward without crucial government support.The day began simply enough. Powell gave a keynote address at the National Association of Business Economics' annual meeting, with most expecting the chair to play his cards characteristically close to his chest. Yet Powell took a step further in calling for additional fiscal aid.

"That would be tragic, especially in light of our country's progress on these issues in the years leading up to the pandemic," he added. Yet Tuesday brought an about-face unexpected by economists, investors, and policymakers. Trump said in athat he told his representatives "to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill."

 

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It's a tactic to get the dems to move. The walk away is an effective move but only if the other side believes it.

Orange needs to go, he doesn’t care if you live or not

No mask? No 1,5 mtr.?

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