Decision to temporarily lower Interest Rates to zero. Beautiful day outside. I think we have some great things to talk about. The federal reserve, as you know, it just happened 10 minutes ago but to me it makes me very happy and i want to congratulate the federal reserve. For starters, they lowered the federal rate from what it was, from 1 to one point 25 , and 0. 25 . Down to 0 , to so 0 to 0. 25 . Thats a big difference, quite a bit. And in addition, very importantly, the federal reserve, they are going to be purchasing 500 billion of treasuries and 200 billion of mortgagebacked securities, and that number can increase, but they will start with that. Thats really good news. Really great for our country. Something that were very happy, i have to say, im very happy. They did it in one step. They didnt do it in four steps over a long period of time. They did it in one step, and i think people in the market should be very thrilled. Were the strongest country in the world by far, financia
From 1 to one point 25 , and 0. 25 . Down to 0 , to so 0 to 0. 25 . Thats a big difference, quite a bit. And in addition, very importantly, the federal reserve, they are going to be purchasing 500 billion of treasuries and 200 billion of mortgagebacked securities, and that number can increase, but they will start with that. Thats really good news. Really great for our country. Something that were very happy, i have to say, im very happy. They did it in one step. They didnt do it in four steps over a long period of time. They did it in one step, and i think people in the market should be very thrilled. Were the strongest country in the world by far, financially and in every other way, and that brings us in line with what other countries are. They actually have negative rates, but we get it down to potentially zero. Thats a big step, and im very youy they did it, and will not hear anything bad about me unless it is a month or two from now. So i congratulate the federal reserve. It is ter
To zero. Beautiful day outside. Ill start by discussing the federal reserve. It just happened minutes ago, but it makes me very happy. It makes me very happy and i want to congratulate the federal reserve. For starters, they lowered the federal rate from what it was, from 1 to one point 25 , and 0. 25 . Down to 0 , to so 0 to 0. 25 . Thats a big difference, quite a bit. And in addition, very importantly, the federal reserve, they are going to be purchasing 500 billion of treasuries and 200 billion of mortgagebacked securities, and that number can increase, but they will start with that. Thats really good news. Really great for our country. Something that were very happy, i have to say, im very happy. They did it in one step. They didnt do it in four steps over a long period of time. They did it in one step, and i think people in the market should be very thrilled. Were the strongest country in the world by far, financially and in every other way, and that brings us in line with what ot
A. M. Eastern. The directors of the cdc and the National Institute of allergy and Infectious Diseases along with other public thecials testified before oversight and reform committee. Is two hours. The committee will come to order. I thank all of our witnesses for returning this morning. We appreciate the recognition of our interest. This is a crisis that is evolving quickly since our hearing yesterday. The World Health Organization declared a coronavirus outbreak a global pandemic. Cdc has reported we have almost 1000 confirmed cases. That is up from 100 reported cases a week ago. A 900 increase. Americans are worried. They are scared. It is essential we are able to hear directly from Health Officials leading this effort with just the facts. Im going to go to the republican side first, which is where we left off. The following three letters we debt dhhs and cdc are entered into the record. We have not gotten any response to those letters. With that, i recognize mr. Higgins. Thank you
Mrs. Maloney the committee will come to order. I thank our witnesses for returning this morning. We appreciate the recognition of our interest and oversight responsibilities. Yesterday, the World Health Organization declared the coronavirus outbreak a global pandemic. C. D. C. Has reported that we have 1,000 confirmed cases. That is up from 100 reported cases a week ago, a 900 increase. Americans are worried. They are scared. It is essential that we are able to hear directly from the Health Officials leading this effort. Im going to go to the republican side first, which is where we left off. Before i do that, without objection, the following three letters we sent on march 3 to h. H. S. And c. D. C. Requesting basic information including basic testing. We have not gotten response to those letters and with that, i represent mr. Higgins. I dont lead the task force. Its led by the Vice President of the United States. Mr. Higgins but youre the lead scientist . We have myself, dr. Redfield,