Plus, the 10-year Treasury Note yield on Friday briefly fellSteil said the Fed, which holds its next policy meeting on March 17-18, could take additional steps beyond rate cuts to help the economy weather the coronavirus impact.
"The Fed, of course, could do much more. It's got about 125 basis points more to go before we get zero rates," he said. "Then, it could stop its balance sheet reduction and perhaps start expanding its balance sheet again through asset purchases.""There isn't firm evidence that it really helps that much compared to other tools central banks have, such as forward guidance and asset purchases," Steil said. "There's not too far you could go below zero.
TradingNation If the Fed able to create some good virus to kill the coronavirus, then it will help the economy.
TradingNation You think the virus afraid of your low rates?
TradingNation We now have not only an incompetent head of the Fed, but unfortunately a worthy successor to the failed policies of Alan Greenspan. Keep lowering those interest rates baby!
TradingNation Steps to wealth.......Invent a virus..... Create a panic......Market drops 5000 points......Buy stocks.
TradingNation Cnbc needs to explain why Rick Santelli still has a job.
TradingNation If they cut rates while this is going in, what's to stop them from raising them higher AFTER this virus is handled?
TradingNation Jesus christ stop cutting rates. Doesn’t change that we have a day of reckoning.
TradingNation NBC loves this virus and is fanning the flames of fear. Fake news has cost people 15% of their net wealth. Anything to get Trump.
TradingNation Consumers aren’t doing anything because they don’t want to, not because they can’t. Fed policy doesn’t make a shit of a bit of difference in that instance. Get a brain.
TradingNation Stop the madness
TradingNation The front running the bond market, is forcing the Fed to cut rates. Greed is doing it. and causing panic.
TradingNation Next time you go to the hospital, refuse treatment and ask them to simply cut your rates since interest cuts are obviously the solution to medical problems.
TradingNation Never rates alone. Stop spreading fear