Original title: Trump continues to urge the Federal Reserve after U.S. stocks opened sharply higher: interest rate hikes too fast, interest rate cuts too slowly

After experiencing "Black Monday", US stocks rebounded sharply at the opening. Trump again fired the fire at the "sad and slow-moving" Fed, urging it to cut rates.

US President Trump sent two tweets at 10 pm Beijing time on March 10th, "The sad and slow-moving Federal Reserve led by Powell has raised interest rates too quickly and cut interest rates too slowly. We should lower interest rates to our competition. The level of the opponent .... The Fed should be a leader, not a follower! "

Trump will discuss salary cuts with Republican members of Congress on March 10 local time in response to the new crown pneumonia epidemic.

"Substantial reductions, the scale of tax cuts will be very large." Trump said at a White House press conference on March 9 after a sharp fall in the United States that the U.S. government will also provide workers with hourly wages. More support to prevent them from getting paid.

After the U.S. stock market crash, the Federal Reserve Board, the Consumer Financial Protection Agency, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller-General of Currency, and the National Bank Supervisory Board issued a joint statement stating that federal financial institution regulators and state regulators encouraged Financial institutions meet the financial needs of customers and members affected by the new crown virus.

In addition, the Fed has increased its efforts to put liquidity into the market to ensure that the banking system has sufficient reserves. On March 9, the Federal Reserve Bank of New York announced that it would increase the size of daily overnight repurchases from $ 100 billion to at least $ 150 billion, and on March 10 and March 12, the size of the 14-day repurchase will be $ 20 billion. To $ 45 billion.

On March 3, the Federal Reserve announced an emergency sharp cut in interest rates by 50 basis points, reducing the Federal Reserve Funds interest rate target range to 1% -1.25%. (Surging news reporter Jiang Mengying)