China News Service, March 16. According to CNN, on the 15th, US President Trump said that he welcomed the Fed's decision to reduce key interest rates in the context of the spread of the new crown virus, calling it a "cross-border" A big step. "
"I congratulate the Fed on doing this. It's great for our country," Trump reportedly commented on a decision to lower interest rates at a news conference.
Data map: On March 13, local time, US President Trump announced a "national emergency" at the White House in response to the new crown pneumonia epidemic. Photo by China News Agency reporter Chen Mengtong
Trump said, "I have to say, I am very happy. (Fed) They did not choose to complete in four steps over a long period of time, but chose one step in place." "I think market players should be very excited . "
Earlier, Trump repeatedly called on the Federal Reserve leadership to reduce interest rates in order to respond to the crisis more effectively.
On the 15th local time, the Federal Reserve lowered the federal benchmark interest rate to the level of 0.00% -0.25% and announced that it would restart its quantitative easing policy. The Fed said on the same day that it will launch a US $ 700 billion large-scale quantitative easing plan in the coming months to deal with the economic impact of the new crown epidemic.