January 27, 2021

Trump demands more Fed action in coronavirus response even after $1.5 trillion liquidity injection

President Donald Trump on Friday angrily demanded that the Federal Reserve lower a key interest rate in response to the coronavirus crisis, a day after the Fed announced it would make up to a massive $1.5 trillion worth of short-term loans to support credit markets and assure liquidity.

“The Federal Reserve must FINALLY lower the Fed Rate to something comparable to their competitor Central Banks,” Trump wrote in a tweet that called out Fed Chair Jerome Powell by name.

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