tsarAre you saying the Fed shouldn't have lowered rates/this isn't what would have happemed of the President wasn't Trump. Emergency meetings to adjust rates are pretty normal and unrelated from the President.
I don't like Trump at all, and it's clear he wishes to control the Fed and probably thinks it is part of the "Deep State" theory he belongs in for no reason, but I don't get you angle here.
Also to say "The Fed" has same over this past decade also doesn't make that much sense as the Chairman and most of the Board of Governors are different people then in 2010. What you're saying is akin to blaming "The Executive Branch" for bad actions over the past decade
Also IMO the Fed has acted well since 2010. They kept rates too low in the 2000s, but all the chaos in 2008 onward was the result of shady practices in Investment Banks which are not part of the Federal Reserve system
well I meant that interest gained on the repurchase market will go away with negative rates.
this is just my opinion, but we kept recession level rates for 7 years after the recession ended. then we lowered these rates for temporary market corrections in 2019 despite that year being +30% across every major index, so now when we actually could use the stimulus, theres a lot less to actually cut. I also think it's useless, the coronavirus has largely resulted in a supply shock, and you can't exactly stimulate demand when everybody is too scared to leave their homes