Trump congratulates Fed for rates cut, calls action 'terrific'
WASHINGTON (Reuters) – US President Donald Trump said the Federal Reserve’s decision on Sunday to cut interest rates was “good news” and “makes me very happy” as he congratulated the central bank for taking further action aimed at helping shore up the US economy amid the global coronavirus pandemic.
“It’s really good news. It’s great for the country,” Trump, who had publicly pressed the Fed to slash rates to boost the economy during the fast-escalating coronavirus outbreak, told a White House news conference.
Shortly before Trump spoke, the Fed cut interest rates for the second time in less than two weeks in another emergency move. In a statement, the central bank said it was lowering rates to a target range of 0% to 0.25%.
Trump also urged Americans, who have cleared store shelves of some basic essentials in recent days, to “buy a little bit less.” He said grocery stories were committed to staying open throughout the crisis.
About 92 News HD Live Main TV Channel of Pakistan:
92 News (also known as 92 News HD Plus (Channel 92) is a conservative Urdu language TV channel based in Lahore, Pakistan.
Mian Muhammad Hanif is the chairman of the channel.
This TV channel is a subsidiary of Madinah Group under Galaxy Media Group.
The channel's name, 92, is to celebrate the 1992 Cricket World Cup won by Pakistan. The number 92 is also the telephone country calling code of Pakistan, which is another major reason behind the channel's name.
92 News HD is Pakistan’s first HD Plus News Channel. Aims to bring credible & responsible News & important stories from Pakistan & around the World
We bring you Latest Pakistani and International News at 92 News Hd Plus to Read and Watch
We believe in genuine and true journalism, we do not prevail sensation just for ratings.
We do not hide news but never tend to add any unethical content or angling that goes against the norms of our religion Islam and Pakistan's culture.
تازہ ترین خبریں حاصل کرنے کے لیے فوری اطلاع کی اجازت دیں
آپ کسی بھی وقت دائیں طرف نیچے بیل آئیکن پر صرف ایک کلک کے ذریعے آسانی سے سبسکرائب کر سکتے ہیں۔