Central bank moves to protect economy from coronavirus outbreak
The US Federal Reserve has slashed interest rates in an emergency move to protect the world’s largest economy from the coronavirus outbreak, ramping up the global response as the disease spreads.
Launching the emergency measure as a pre-emptive strike to protect the US economy after pressure from Donald Trump to act . . . .
Jerome Powell, its chair, said: “Of course the ultimate solutions to this challenge will come from others, particularly health professionals. We can and will do our part, however, to keep the US economy strong as we meet this challenge.”
As the economic costs mount in a pivotal US election year, Trump said the Fed had not cut rates enough and should go further. Powell insisted the emergency move was not in response to the president’s pressure. “We are never going to consider any political considerations whatsoever,” he said.
DONNIELAND (March 3) —
What Donnie tweets, tweets
What Donnie tweets
“MUST REDUCE THE INTEREST RATE”
That's what Donnie tweets
Donnie don't care about the fate
of people in the street
Donnie, he just cares for money
So do what Donnie tweets
Maybe you're sick and need health care
He's “SO SAD” for you
Donnie cares more about his hair
than he cares 'bout you
Donnie, he just cares for money
So do what Donnie tweets
What Donnie tweets, everybody knows it's so
What Donnie tweets, oh, oh, oh, oh
Donnie tweets: “KILL OBAMACARE
and I'll be satisfied”
Donnie tweets: “It would be fair
if the poor all died”
Donnie, he just cares for money
So do what Donnie tweets
(musical bridge)
What Donnie tweets, everybody knows it's so
What Donnie tweets, oh, oh, oh, oh
Donnie tweets Article II appears
to declare him king
Donnie tweets: “Virus DISAPPEARS
with the warmth of Spring”
Donnie, he don't care 'bout people
So do what Donnie tweets
What Donnie tweets, tweets
