Federal reserve bank because what Charles Saatchi did what he specialized and he maybe he copied others before him but he was a show man and doing this as he would buy up junk junk art and then announce that he Charles Saatchi had bought junk art right and therefore he would make a fortune and dumping this junk are onto other people well this is kind of what the Federal Reserve bank is now doing is they are literally now buying junk theyre starting as of just a few days ago to buy junk corporate debt in the in the e. T. F. Market Exchange Traded funds so before we get into this i want to show you how its how you could turn junk into great art now a lot of people want a special show just for stakes use hair so i was inspired me to come up with an art show right here is stacys hair looking surprised on purple usually im responding to something max has said. You know this is me being shocked at something youve said this is stacys hair on yellow you know card looking kind of oh dear max ha
Saatchi to the u. S. Federal reserve bank because what Charles Saatchi did what he specialized in and he maybe he copied others before him but he was a show man and doing this as he would buy up junk junk art and then announce that he Charles Saatchi had bought junk art right and therefore he would make a fortune and dumping this junk are onto other people well this is kind of what the Federal Reserve bank is now doing is they are literally now buying junk theyre starting as of just a few days ago to buy junk corporate debt in the in the e. T. F. Market Exchange Traded funds so before we get into this i want to show you how its how you could turn junk into great art now a lot of people want a special show just for stakes hair so i was inspired me to come up with an art show right here is stacys hair looking surprised on purple. Usually im responding to something max has said you know this is me being shocked at something youve said this is stacys hair on yellow no card looking kind of
The Unemployment Rate has been near half century lows for well more than a year. Job gains have been solly lid and wages have been rising. Strong labor Market Conditions have underpinned solid Household Spending which has been the key driver of Economic Growth over the past year. At the time of our meeting in january, prospects for continued Economic Growth remain favorable and we judged that Monetary Policy was well positioned to support that outlook. Since then, the spread of the coronavirus has brought new challenges and risks. The virus has affected many around the world and our thoughts and prayers go out to those who have been harmed. The outbreak has disrupted Economic Activity in many countries an prompted Significant Movement in Financial Markets. The virus and measures being take ton contain it will surely weigh on Economic Activity here and abroad for some time. We are beginning to see the effects on the tourism and travel industries and we are hearing concerns from industri
Chairman powell good morning, everyone. Earlier today the federal open Market Committee announced a one half percentage point reduction in the target range for the federal funds rate bringing that to one to one and a quarter percent. My colleagues and i took this action to help the u. S. Economy keep strong in the face of new risks to the Economic Outlook. The fundamentals of the u. S. Economy remain strong. The Unemployment Rate has been near half century lows for well more than a year. The pace of job gains has been solid and wages have been rising. The strong labor Market Conditions have underpinned solid Household Spending which has been the key driver of Economic Growth over the past year. At the time of our meeting in january, prospects for continued Economic Growth remained favorable and we judged that Monetary Policy was well positioned to support that outlook. Since then, the spread of the coronavirus has brought new challenges and risks. The virus has afflicted many communiti
It is a very special session. We have you covered. All that, so much more on making money. Charles so the unknown Economic Impact continues of the coronavirus continues to weigh on the market. Again this as investors attempt to factor in how impactful the Federal Reserves emergency decision to cut rates by 50 basis points this morning will actually be. As the 10year yield fallen below 1 for first time ever. President trump addresses Central Bank Decision to lower rates a little while ago. Take a listen. We have to be competitive with other countries. When were paying two points more than germany, were paying more than other countries, we should pay less than everybody else. Of the fed rate is too high. Simple. It is too high. It puts us at competitive disadvantage, especially exporting our product to other countries. The other countries love that i dont like it at all. I would like to see our fed lead instead of being led. Charles joining me bellpointe chief Market Strategist david nel