The Fed Just Slashed Rates 1/2 point
Posted: Wed Mar 04, 2020 1:10 am
And the Stock market tanked another 800 points as a response. Meanwhile Trump was on TV saying the market is in "good shape."
Trump said the only reason the stock market performed well under Obama was because the Fed cut rates to help him out. Rates are supposed to increase during a good economy and get cut during a bad economy.
Trump said the only reason the stock market performed well under Obama was because the Fed cut rates to help him out. Rates are supposed to increase during a good economy and get cut during a bad economy.