US Pres. Trump: RBA cuts rates, other countries are doing the same thing

US President Trump is on the wires now, via Twitter, responding to the Reserve Bank of Australia’s 25bps rate cut while calling for global easing policy action.

Trump tweeted out: “Australia’s Central Bank cut interest rates and stated it will most likely further ease in order to make up for China’s Coronavirus situation and slowdown. They reduced to 0.5%, a record low. Other countries are doing the same thing, if not more so. Our Federal Reserve has us....”