Our Federal Reserve has us paying higher rates than many others, when we should be paying less. Tough on our exporters and puts the USA at a competitive disadvantage.

Must be the other way around. Should ease and cut rate big. Jerome Powell led Federal Reserve has called it wrong from day one. Sad!

Former Alliance Bernstein chief economist Joseph Carson has a few choice words following The Fed's decision to cut rates by 50bps...

In a surprise move the Federal Reserve announced an intra-meeting reduction of 50 basis point cut in the federal funds rate, lowering the target rate to 1 to 1.25%.

The Fed stated, "the fundamentals of the US economy remain strong", but the "coronavirus poses evolving risks to economic activity."