Page 7 - Fed Cut News Today : Breaking News, Live Updates & Top Stories | Vimarsana

You know, we just had chairman powell in this past week. i urged him to have the fed cut back on the purchase of bonds, start the taper that. he said one of the things that surprised most economists, left and right, was that there would be a great -- much greater return to the work force this past september. school coming back on. the unemployment plus-ups going away. that didn't happen. i think there's a lot of people that have -- that are rethinking their life post covid. one of the reasons they're not coming back is i can tell you in my state, about half of the child care providers that wer...

Wall street. the big question, when will the fed cut back on stimulus to prevent the red hot economy from overheating. the guessing game on inflation and how long it lasts. prices fell for bitcoin on sunday. adding to last week's losses. last week u.s. regulators hinted at restrictions the treasury department said any transfer of digital currency sod,000 or more must be reported to the irs. then comments from the tesla ceo elon musk moved prices around. he tweeted his support for bitcoin over the weekend giving prices a slight boost before falling again. volatility in crypto currency is the ...

That. as the u.s. recovers from the pandemic, is the economy hot or overheating? here's christine romans with the before the bell report. >> the reopening economy is booming. but expect a guessing game on wall street. the big question, when will the fed cut back stimulus to prevent the red hot economy from overheating? tech shares sold off and the cryptocurrency crashed. bitcoin tumbled below $40,000 on wednesday after china took more steps to crack down on digital coins. the big fear for investors is inflation. the by-product of a roaring u.s. economy means you're paying more for everything...

Be cut. is there anything he can do to try to goose the economy, slow the slide? >> yeah, do a better job reacting to the virus spread itselfment that itself. that's the number one issue. fed cut interest rates 0.5 percentage point. didn't do much. it is not getting people to sell more products if they can't get products out of a supply chain in china because of the outbreak. if customers aren't shopping, not getting on planes, getting on cruise ships, not going to the mall because they're afraid of the virus, low interest rates aren't getting them out there. it is not a repeat from the bounce...

Monday, whatever we call it. look, the president's inclination will be to call for another 0.5 point interest rate cut, and it'll be wrong. the fed did so out of calendar a few days ago. the markets fell flat, showing the fed was panicking. as rich and the reverend have been pointing out, there is going to be a fiscal stimulus. other countries are developing their own stimuluses. it is not a question of whether there will be a stimulus but what it looks like. i think the reverend made a very good point. it has to be targeted at those who need it. those lower down the income scale, those in the...