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.