Donald Trump is 'very happy' with the emergency Fed rate cut. Sunday’s action drew rare praise from President Donald Trump, who had attacked the Federal Reserve as recently as Saturday, as he has frequently, for not acting quickly or aggressively enough. “It make me very happy,” Trump said as he opened a White House briefing on the coronavirus. “I think that people and the markets should be very thrilled.”One dissenting Fed member, Loretta Mester, president of the Cleveland Federal Reserve, voted Sunday against the full-point rate cut, favoring a half-point cut instead. She did support the Fed’s other actions to boost credit markets.-AP

Source: The Standard March 16, 2020 01:30 UTC