The Federal Reserve announced that it is lowering its lending rate by a quarter of a point for the second time this year. NBC's Kelly O'Donnell has more on what Federal Reserve Chairman Jerome Powell had to say about the decision. Aired on 09/18/19.
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Federal Reserve Cuts Rates For Second Time In Three Months | Velshi & Ruhle | MSNBC
Didn’t Trump say that Jerome Powell is a bigger enemy than China? And why would he cut interest rates when the economy is doing so well? Hm 🤔
They need to raise interest rates, raise taxes, and shrink the national debt. That is what you do when the economy is good. You do the opposite when the economy is bad. Trump and his government are acting like we are in the middle of a terrible recession.
Well… the economy is collapsing thanks to Trump’s grotesque incompetence.
@UncleMilo They are doing their best to stave off a recession.
Recessions coming grab your pantys.
🤣🤣🤣🤣
A strong economy doesn’t need interest rate cuts.
A strong economy doesn’t need 50 year government bonds or have to manipulate unemployment rates to make it look good
Scott Allen : Buckle up. It’s coming. And we’re all gonna tell the Trump Trolls, “I told you so,” again
@Ash Roskell – In 2016, *Hillary warned America* that #45 *would* treat our nation *just* like his ‘Foundation’…or one of his *many* marriages.👎
And she was 💯 correct… 😏
CynAnne1 : Quote from the court docs on the Trump Foundation: “Routinely stealing from defenceless, needy children and US Veterans.” The Judge. Public Record. So, pretty much, she was right about that 👍✌️
#45 pressures Powell to lower the rate…and the market ‘responded’ *by tanking even further downward* by the ‘closing bell’. 💸
“So much winning”… 🙄
The Fed trying to counter Trump’s failed policies. Keep us from a ” Trump Slump “
Great insight and I think.prices on appliances and electronics will not get hit to hard it’s the rest I m concerned.Gasoline will continue to rise in price.✌
Penny Sutch : If you can buy a new iPhone, that is NOT 50% more expensive than it was last year, you’re getting it from abroad, NOT the American Market. Unless you count the fact that you used Google to look up Amazon and placed your order through them, as the, “American Market.” It’s already started. The Rust Belt is IN Recession. And, they’re even going on strikes, now. Buckle up
Trump is poison. He’s trying to arrange to take credit for stopping a problem his trade war set into motion. it’s gross
Koharduvon When it gets to 0% ….Maybe -2% can prop up the Presidents Economic failings.
Is Trump going to declare Powell an enemy greater than China again?
Trump is in DEEP debt..And any rate cut saves him $$.
Another example of his presidency directly affecting his personal wealth. He’s a con artist
Denise Holmes you summed up his economic policy. He must have met with his banker after the election and asked him what do i need to do to pay off my debt ? Trade war with the rest of the world/ crash/ recession —> no debt anymore
No surprise, he wants to lower the interest rates with all the money he owes the Russians
Thief of state has little regard for established norms. Perhaps it’s time to re-evaluate olc OPINION with regards to indicting a sitting president.
So what is left to cut when the recession hits? The bond market is not going to be happy about this. What a trainwreck of an administration.
Gonna hear a lot of crying 😭 coming from out of the White House.
trump has led a casino to bankruptcy,
Bravo Champion ! You’re The Best ! 🏆👋
All so the trump can steal more money. That is what the trump Dictatorship is ALL ABOUT. But he wants more….
Wtf does trump know about interest rates or anything. No bank worth its salt would lend you money, so go back to Russia and screw their economy up
Trump is merely engaging in preemptive whining and sniveling, so that if the economy tanks, his preferred scapegoat is already in place.
Tump$$$, bank bailouts pail compared with Hotels in Trumps world.
It’s almost like Trump is on a mission to destroy the economy via inflation…
Crazy. I wonder what countries would love to see that.
And who was Complaining about the Rate ? Uh When you see Republican telling the true, It is a dying one.