Fed Cuts Rates By Half A Point Amid Coronavirus Concerns | Hallie Jackson | MSNBC

NBC News’ Hans Nichols and Stephanie Ruhle break down the Federal Reserve’s decision to cut borrowing rates in response to the coronavirus outbreak. Aired on 03/03/20.
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Fed Cuts Rates By Half A Point Amid Coronavirus Concerns | Hallie Jackson | MSNBC

53 comments

  1. So much for the supposed “independence” of the Fed. What a joke. You can’t rate-cut your way out of a pandemic.

    1. @Freedom & Liberty Bot — you fool, the economy tanked under Bush, Obama saved the economy

  2. So where is the practical advice on dealing with this?
    Nothing.
    They are here to keep the joke on you going as long as they can.

    1. The practical advice is to show the central banks the door, and lock it when they leave. Enough financial slavery already. The host/parasite relationship must end.
      The Silent Was Continues..

  3. Everytime Trump tweets the Feds should cut intrest rates, they do it. So Trump is just influencing any and everything that will benefit him!!

    1. Nothing ”Federal”about this bank,it is a private bank under some fed control.
      If it was federal, we would have TOTAL CONTROL…

    1. @AlexYounger trump said he’d be working for the forgotten people but all I see is him working for is his,and big corporate interest.Less for the middle class,come income tax time but more write offs for the rich.
      Trump supporters are the people that fall for phone scams on the victims u see on American Greed

    2. @Montauk Long Island,
      Those like Traci Leah are caught in an emotional fake news storm
      It’s bad no matter what it is, and it’s always Trump’s fault

    1. @Delta Blues But he’s not a “great” criminal. He’s a below average criminal because all the world knows what he is–even Trump himself.

    2. @Jig Bimjo cash for clunkers was a joke, it just caused the price of good used cars to go up. The Obama stimulus was basically a waist of money , it had a good face painted on it. Optimism does more for the economy than government intervention

  4. Ahhh, we see the logic … have lower interest rates for people having to use credit to pay hospital bills.

    1. The only problem is that will never happen. Your interest rate will stay the same or jump up. This is only for the big boys to borrow your money at lower rates so they can charge you higher interest when they lend it back to you.

    2. @Radwulf Eboraci,
      With Trump’s huge employment success, he has provided more Americans with the finest medical care in the World in history!

    3. @Radwulf Eboraci,
      Actually the truth is, Biden for years of his political career has been on credit card company’s’ payroll letting them get away with theft of the common American.

  5. Seriously?! Trump wants his business to thrive. So, cutting rates. HE WANTS. MORE. MONEY. Trump is not here for any of us, when do people get that in their skull already.

    1. @may wilson But Obama didn’t believe anything different about how economics works. He was a neoliberal just like the Republicans who ran the economy into the ground in 2008. They all agree on how the economy works. It’s just two different flavors of neoliberalism and has been since the 1980s. Clinton repealed Glass Steagal. Obama didn’t reinstate it. Clinton deregulated media so that 5 corporations could control 90% of it. DId Obama re-regulate it? Clinton privatized Sallie Mae, what did Obama do about it? He protected Goldman Sachs and others after the blowback appeared in 2011.

      I mean this in the nicest way possible, but if you still need this explained to you after all these years, maybe you should find something else to do with your time.

    2. @Mdlclass Worker You don’t care how many people are victims of violent crime or watch their neighborhoods destroyed or the value in their homes plummet when you dump cheap labor “diversity” in their backyard to hold wages down for another 40 straight years, so I guess it’s fair game.

  6. Now I can afford those space heaters that will protect me from the virus until April. Thanks for the tip, you Stable Genius you! 🤣🤣

  7. If everything is fine and this virus is going to blow over by summer why is Donald so pushy about rate cuts?

    1. Because the supply chain disruption that already happened will mean economic slowdown in the coming months, and that would be the case even if all of this stopped tomorrow and went back to normal.

  8. What’s going to happen if Trump is reelected and the market crashes anyway? If they keep cutting rates, the Fed won’t be able to do much, when the market really needs help.

    1. @C.B.,
      Obama doubled the National Debt to a staggering $23 Trillion Dollars for no reason at all and with absolutely nothing to show for it!
      Obama put America in extremely grave danger for many years to come!

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