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
Beautiful day outside. I think we have some great things to talk about. I will start by discussing the Federal Reserve. As you know it just happened minutes ago but it makes me very happy. I want to congratulate the Federal Reserve for starters they have lowered the fed rate from what it was, which was one to 1. 25. It has been lowered down to zero 0. 25. Zero to 0. 25. The Federal Reserve will be purchasing 500 billion dollars of treasuries and 200 billion of mortgagebacked securities. That number can increase but they will start with that. That is really good news. That is great for our country. That is something we are very happy. I am very happy. They did it in one step. They did not do it in four steps over a long time. I think that people and the markets will be thrilled. That brings us we are the strongest country in the world by far financially and every other way. That brings us in line with where other countries are. Actually have negative rates. We got it down to potentially
From the house yesterday. Ensuringo continue that frontline healthcare workers have all the resources they need. We need to directly help American Workers and families face this uncertain. We are examining policy tools to put money directly and quickly into the hands of american families. We also need to move swiftly and boldly in a major way to help american Small Businesses survive this disruption and thrive. We are preparing bold steps to ensure main street can access and credit during this extraordinary time. Let me outline what we are doing. Created three and task forces among Senate Republicans. With coming tasked up with what should be described as the next bill. We are trying to reach an as to what Senate Republicans and the administration favor doing next. With regard to the bill that came over from the house, there was some discussion whether to amend that because we all know the bigger proposal is necessary, but i have decided we will go a long as soon as the senate can get
Time unfiltered at cspan. Org coronavirus. Senate Majority Leader Mitch Mcconnell briefs reporters about the economic aid package making its way through congress. This is 15 minutes. Sen. Mcconnell good afternoon, everyone. Let me give you a report on where we are. Obviously we need to act. We finally got a completed bill from the house yesterday. We need to continue ensuring that frontline healthcare workers have all the resources they need. We need to directly help American Workers and families face this uncertain. We are examining policy tools to put money directly and quickly into the hands of american families. We also need to move swiftly and boldly in a major way to help american Small Businesses survive this disruption and thrive. We are preparing bold steps to ensure main street can access liquidity and credit during this extraordinary time. Since let me outline what we are doing. I have divided and created three task forces among Senate Republicans. Each of them tasked with c