The Valens Company Inc. (VLNS)

[GE_Jim]

Your right of course. The political pressure on the FED altered the normal process. However, the market pressure clearly showed when the rates were raised, market tanked short term, and the reason for it is the many debt bubbles in play. There is much to the story, but the simple statement would be companies nor the government can afford higher interest rates. And that all started in 2008. It’s going to be hard to ween off the bottle now. So, we’ll cut the rates to protect the infrastructure {short term} at the cost of everything else. Still won’t help the average Joe in the street however. And none of it will protect from the coronavirus. Think of consumers just doing less things, doesn’t matter if it’s airplane travel, cruise ships, sporting events or just going to a bar or restaurant, there will be an effect. You can cut the rate to zero, but if the consumers aren’t buying it doesn’t matter. IMO
The fact they had to have a emergency cut speaks volumes, they are worried.