Federal Reserve Chairman Jerome Powell Signed the Dollar’s Death Warrant


Federal Reserve, Wiki
image_pdfimage_print
President Trump remarked that Federal Reserve Chairman Jerome Powell has done the right thing after the Fed cut interest rates to zero, launched unlimited quantitative easing (money creation), has committed to buy $1-trillion in Treasury Bonds and mortgage-backed securities, and municipal bonds. All this adds up to a death warrant for the American economy. -GEG

It finally happened.

After the Fed cut rates to zero, launched unlimited QE, is on pace to buy $1 trillion in Treasurys and MBS in 2 weeks, backstopped pretty much every asset class and announced it would purchase bonds, loans, commercial MBS,munis as well as the LQD ETF, Trump is finally very happy with Fed Chair Jerome Powell, ironically on the same day Powell signed the dollar’s death warrant.

Here’s what Trump said on Powell.

“I am happy with him. I really think he’s caught up and he’s done the right thing. And I think ultimately we will be rewarded because of the decision he made over the last — he’s really stepped up over the last week.”

“I called him today and I said ‘Jerome, good job.”

“He was a little bit slower than what I’d have liked, in the sense of what he was doing.”

“But today I called up Jerome Powell and I said ‘Jerome you’ve done a really good job.’ I was proud of him. It took courage. Ultimately you’re going to see the fruits — he’s not finished. He’s got other arrows in the quiver.”

“I’m very happy with the job he did.”

For those who missed it, here is how Jerome Powell finally managed to get Trump to crack a smile:

  • Today, the FOMC expanded its large scale asset purchase program by promising to purchase ‘in the amounts needed.’ One week ago, the FOMC had said it would purchase $500bn of Treasury securities and at least $200bn of agency MBS; Half of that amount was fully purchases within a week.
  • The FOMC also announced that the agency MBS purchases will include agency commercial MBS.
  • The Fed also made CPFF more generous in terms of pricing and opened CPFF and MMLF to a wider set of assets.
  • The Board of Governors relaunched the Term Asset-Backed Securities Loan Facility (TALF), providing loans in exchange for ABS.
  • The Fed also announced it would buy corporate bonds and loans in both the primary and secondary markets.
  • The Fed also said it expected to announce soon the establishment of a Main Street Business Lending Program to support eligible small-and-medium sized businesses.

Read full article here…

Views: 12

Reply to This

"Destroying the New World Order"

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

TOP CONTENT THIS WEEK

Latest Activity

Central Scrutinizer favorited King Of Cups's group Vaccine Insanity-The Truth Could Save Your Life
1 hour ago
Central Scrutinizer favorited steve's photo
1 hour ago
Central Scrutinizer favorited Chris of the family Masters's blog post Propaganda no More - The Jiig is Up!
2 hours ago
James Roberts favorited King Of Cups's group Painted Porch
2 hours ago
James Roberts commented on steve's photo
Thumbnail

2020 exposed broccoli

"I told someone today I may start wearing my mouse mask. It's hard to see with it on, though."
2 hours ago
James Roberts favorited steve's photo
2 hours ago
James Roberts commented on steve's photo
Thumbnail

2020 reality

"You're talkin crazy. Next you'll impugn our glorious leader, DJT, or, God forbid, our…"
2 hours ago
James Roberts favorited steve's photo
2 hours ago
James Roberts commented on steve's photo
Thumbnail

2020 let's recap,stay scared

"Killer bees are something of a problem in parts of the southwest. I'm waiting for the zombie…"
2 hours ago
James Roberts favorited steve's photo
2 hours ago
James Roberts commented on steve's photo
Thumbnail

2020 scamdemic

"Like the original SNL skit with Bill Murray and another as cops. They kill a guy who was smoking…"
2 hours ago
James Roberts favorited steve's photo
2 hours ago
James Roberts commented on Larry Flinchpaugh's blog post Facebook trick
"Thank you for the post. Reminds me of the letter I got from the IRS today - "The check's…"
2 hours ago
James Roberts favorited Larry Flinchpaugh's blog post Facebook trick
2 hours ago
Chris of the family Masters commented on Chris of the family Masters's blog post Propaganda no More - The Jiig is Up!
"Bechamp was right. Modern medicine ( Really modern ) - Functional medicine, not to be confused with…"
3 hours ago
James Roberts posted a blog post

Why Are So Many People That Have "Recovered" From The Coronavirus Testing Positive Again?

I don't like using Infowars, and especially Michael Snyder for a source, as the former is heavily…See More
4 hours ago
James Roberts commented on James Roberts's blog post "Coronavirus" - My Theory (Rapid-Onset Autoimmune Disease)
"cheeki, sorry, I am very tired when I get off work. I'll have to look into it, but I am very,…"
4 hours ago
Guardian of Scotland commented on Chris of the family Masters's blog post Propaganda no More - The Jiig is Up!
"Chris the source given indicates many diseases caused by bacteria. Some in the list are caused by…"
6 hours ago
Doc Vega posted a blog post
6 hours ago
James T. Kirk posted videos
7 hours ago

© 2020   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted