Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program

CNBC ^ | 3/15/2020

[Steely Tom]

Please provide evidence for the claim that a deli lunch doubled in the three years from 2008/9 to 2011/12.

How about going to lunch every day at a deli near where I worked. Sorry I didn't take notes for you.

I also can't provide evidence that the sky is blue where I live.

[lodi90]

Any disruption would be trivial compared to would happen if the markets drop another 20-30%.

---

The markets are definitely dropping another 20%-30%. It’s just a matter of whether it is tomorrow or in a month or three.

[mewzilla]

I thought the Fed was out to GET TRUMP!

Not if they have to sacrifice themselves to do it.

So much for principle.

[Theoria]

'Trump has been playing chess with the Fed for over three years. He won the game and now he has them in a favorable position.'

As of now, the only victory is massive more debt. Savers have been crushed. Asset prices have been inflated and our budgets haven't been curtailed.

[Vermont Lt]

Get ready for it. It ain’t near being over.

[Fledermaus]

A Whiff? It’s a full blown stink.

[DannyTN]

I hope the treasury can take advantage of these low rates.
Watch our federal interest payments start dropping as bills retire.

[pangaea6]

I’ve tried refinancing my house but refi rates aren’t dropping bc there is so much demand and so therefore banks are keeping those rates steady around 3.75%. They say its bc their staff can’t keep up with demand, i think they are milking consumer. If rates went down where they should be, its more money for us to help economy

[youngidiot]

SON OF A B*TCH!!!!

[Paladin2]

"Overnight repo market opens at six."

There's no shortage of gov't things and people who I'd like to have repo'd.

[DoodleDawg]

We are in uncharted waters and there is a whiff of panic in the air. No need to give the panic further room to inflict economic damage.

Closing the markets would be the ultimate act of panic, and would guarantee a major recession.

[Paladin2]

"This whole situation IS FISHY!!"

The Banksters already have you on the hook...

[Fury]

Quantitative easing is just a fancy name for printing money. Suggestions on what they should have done?

[4Liberty]

Right. And when banks loan "more" and more money, it should happen at HIGHER interest rates -- they already loaned to the safer, low risk, borrowers at a low rate. More loans - will then go to the higher risk borrowers -- but that added risk needs to be covered by a HIGHER Interest rate, not lower!!!!

This insane move will cause an over-extension of credit - or mal-investment, as Austrian Economists call it - this is REALLY OUTRAGEOUS

[NRx]

Hence my call to close the markets for at least the next 30 days.

[moovova]

When do mortgage rates go down? Been watching but I don’t see anything favorable.

[Fury]

Quantitative easing is just a fancy name for printing money.

Suggestions on what they should have done?

[Drago]

Yep, just checked, Dow futures for Monday were down big before the announcement, now down only 310 points. (2:33pm PDT).

[moviefan8]

What does this mean?

Will I be able to refinance my home at a lower rate if I decide to?

Thank you.

[nascarnation]

Well I was gonna refi my house, but a 30 day shutdown would certainly kill that plan...