‘Relax. It all will pass.’ Trump holds Sunday night presser, reassures Americans as left doubles down on panic
March 16, 2020 | Tom Tillison
Sunday evening and appeared to be singularly focused on reassuring the American people that all will be well.
With the media over-hyping the pandemic and state and local governments shutting down businesses left and right, eliminating the livelihoods of Americans, anxieties are running high and people are doing the one thing that makes them feel they have some control, which is panic buying, as the shelves of many supermarkets are being left bare.
Economic anxiety is just as high and the president began with the announcement that the Federal Reserve was slashing its target interest rate to zero — the last time this was done was during the 2008 financial crisis.
“I think we have some great things to talk about, I’ll start by discussing the Federal Reserve,†a pleased Trump said. “As you know, it just happened ten minutes ago, but to me, it makes me very happy. And I want to congratulate the Federal Reserve. For starters, they’ve lowered fed rate from what it was, which was 1 to 1.25 and it’s been lowered down to 0 or 0.25.â€
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https://www.bizpacreview.com/2020/03/16/relax-it-all-will-pass-trump-holds-sunday-night-presser-reassures-americans-as-left-doubles-down-on-panic-897785