Judge orders grand jury evidence collected by Mueller to be transmitted to Congress, rejecting Trump administration bid to keep material secret. Great news and hopefully there could be a move towards impeachment soon, but while this is happening Trump tweets at the Federal Reserve to lower interest rates to stimulate the economy. The economy is slowing down and he keeps trying to pump it through quantitative easing.
Quantitative easing (QE), also known as large-scale asset purchases, is a monetary policy whereby a central bank buys predetermined amounts of government bonds or other financial assets in order to inject liquidity directly into the economy.[1] An unconventional form of monetary policy, it is usually used when inflation is very low or negative, and standard expansionary monetary policy has become ineffective. A central bank implements quantitative easing by buying specified amounts of financial assets from commercial banks and other financial institutions, thus raising the prices of those financial assets and lowering their yield, while simultaneously increasing the money supply. This differs from the more usual policy of buying or selling short-term government bonds to keep interbank interest rates at a specified target value.
Lets not forget that the National Debt is up to 23 Trillion and climbing and The Federal Deficit is up to 1 Trillion Dollars and climbing.
