bigwave Posted March 15, 2020 Report Share Posted March 15, 2020 Federal Reserve Cuts Rates to Zero, Launches $700 Billion Quantitative Easing The Federal Reserve took several emergency steps Sunday afternoon to support the economy as the nation slowly shuts down due to the Wuhan coronavirus. Target interest rates were cut to zero to one quarter of one percent, and a $700 billion quantitative easing program was announced. CNBC reported on additional steps by the Fed (excerpt): “The Fed also cut reserve requirement ratios for thousands of banks to zero. In addition, in a global coordinated move by centrals banks, the Fed said the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank took action to enhance dollar liquidity around the world through existing dollar swap arrangements.” Press release by the Fed: Federal Reserve issues FOMC statement See The Rest of the Article: https://www.thegatewaypundit.com/2020/03/federal-reserve-cuts-rates-to-zero-launches-700-billion-quantitative-easing/ 2 2 1 Quote Link to comment Share on other sites More sharing options...
whatsfordinar? Posted March 15, 2020 Report Share Posted March 15, 2020 Hopefully the end of the FED and the FED printed money--hopefully the start of a gold-backed currency printed by the US Treasury 1 2 Quote Link to comment Share on other sites More sharing options...
bigwave Posted March 15, 2020 Author Report Share Posted March 15, 2020 I should have said the end of the Petro-Dollar; the 2 bit federal reserve note. 54 minutes ago, whatsfordinar? said: gold-backed currency Maybe that is why Iraq is taking so long. Maybe they are waiting for the "reset" as well. Just a thought. 2 1 Quote Link to comment Share on other sites More sharing options...
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