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Federal Reserve Chair Jerome H. Powell said an even stronger fiscal policy response might be needed to restore economic prosperity as a downturn “without modern precedent” strikes the United States — one that brings with it the threat of long-lasting damage.
Comment:
Restore WHICH economic prosperity?? The 1950s and 1960s prosperity? Is he talking about the March 2000 Dot Com prosperity? The 2006 real estate prosperity with no down payment liar loans? Maybe he’s talking about the ’09-’17 Obama years prosperity?? Maybe hes talking about the alleged Trump prosperity? During the last few years about every hour 24 7 they kept telling on on TV how great the economy was. If it was so great? Why did they have to remind us every 15 minutes 24 7?
part: “The recovery may take some time to gather momentum, and the passage of time can turn liquidity problems into solvency problems,”
Comment: Again, what recovery? Is creating new fake money, and giving it away the new definition of a RECOVERY? And does “more momentum” mean MORE hand outs of monopoly money? I guess that it.:)
part: Mr. Powell and his colleagues slashed interest rates to zero, rolled out unlimited bond buying meant to restore order in government bond markets,
Comment: What does “restore order” mean? Restore the Feds order? The Fed overriding the natural selling and dumping of Bonds by others? What happened to “don’t try to catch a falling safe”? Or a falling knife?
Comment: The 3rd generation of bozos running things should start eating some smart pills, or put their smart hats on, because they are in a fog, they are in denial. Kidding themselves.