President Trump in remarks on the effects of the coronavirus at a rare press conference Saturday said he believes the stock market DJIA, -1.39% SPX, -0.82% can bounce back on corporate and consumer strength even as the U.S. and other countries deal with the deadly COVID-19. The first related U.S. death, in Washington state, was confirmed earlier Saturday. As a way to shore up the U.S. economy from the virus and other factors, Trump repeated his hope that the politically independent Federal Reserve lower U.S. interest rates. The Fed should be "the leader, not a follower" among industrial nations in looser monetary policy, he said. Asked if tax-policy action might be likely given this economic setback, Trump said a "pretty major" middle-income tax cut was being considered in the not-too-distant future.
Business - Latest - Google News
March 01, 2020 at 03:01AM
https://ift.tt/2PD6SUN
Trump seeks to soothe stock markets, calls for Fed to lower rates, asserts that 'middle-income' tax cut is under consideration - MarketWatch
Business - Latest - Google News
https://ift.tt/2Rx7A4Y
Bagikan Berita Ini
0 Response to "Trump seeks to soothe stock markets, calls for Fed to lower rates, asserts that 'middle-income' tax cut is under consideration - MarketWatch"
Post a Comment