Senator Elizabeth Warren calls for 0.75% Interest Rate Cut By Fed – Watcher Guru

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QUORUMCALL//GPT:

WARREN’S CALL
– Senator Elizabeth Warren urges the Federal Reserve to reduce interest rates by 0.75%, citing the economic impact of the coronavirus outbreak.

THE WHY
– Warren argues the stock market crash and the potential for a global recession necessitates immediate fiscal action.
– She believes an interest rate cut will stimulate economic activity, cushioning the blow from the virus’s impact.

REACTIONS
– The senator’s proposal has sparked debate, with critics arguing that such a drastic cut could deplete the Fed’s arsenal of economic tools.
– Supporters, however, deem the move as necessary to prevent a potential economic catastrophe.

TOPICS COVERED
– #FederalReserve, #InterestRate, #EconomicPolicy, #Coronavirus

NOTE
– The article is from Watcher Guru, a financial news platform that provides updates and insights on stocks, cryptocurrency, and other investments. It’s known for its detailed analysis and market predictions.

Learn more — read the article in full here.

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title words as hashtags: #Senator #Elizabeth #Warren #calls #Interest #Rate #Cut #Fed #Watcher #Guru
source domain: watcher.guru
source link: https://watcher.guru/news/senator-elizabeth-warren-calls-for-0-75-interest-rate-cut-by-fed
matched content: Massachusetts Senator Elizabeth Warren is calling for a steep 0.75% interest rate cut by the Fed this week, according to a letter signed by the …
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